The European sovereign debt crisis. A comparison with the current crisis generated by Covid-2019

Abstract

The Sovereign Debt Crisis has shown how interconnected financial markets are in the third millennium's global environment. This Direct Research will start with the causes of the collapse of Lehman Brothers and the domino effect from America to the Old Continent. Particular attention will be devoted to the impact that well-known economic events had on these countries defined as PIIGS (Portugal, Ireland, Italy, Greece, and Spain), the countries most damaged by this event. The last part will analyse the meeting points and similarities between the historical sovereign debt crisis and the Covid global pandemic. Why was conditional help used during?