page_title: European debt crisis contagion
hierarchical_section_title: European debt crisis contagion
caption_attribution_description: English: Monthly sovereign credit default swap prices (5Y quotes) of selected European countries since January 2010 (price at end of each month). The left axis is in basis points; a level of 1,000 means it costs $1 million to protect $10 million of debt for five years.Data: CNBC (no historical data) If you know of another source with historical CDS quotes, please add it here, thanx.Original data sources: Greece, Portugal, Ireland, Hungary, Italy, Spain, Belgium, France, Germany, and the UK (not available anymore) Deutsch: Monatliche CDS-Preise von 2010 bis 2011. (Die Daten beziehen sich jeweils auf das Monatsende) Čeština: Měsíční CDS ceny vybraných států v letech 2010-2011.
context_page_description: European debt crisis contagion refers to the possible spread of the ongoing European sovereign-debt crisis to other Eurozone countries. This could make it difficult or impossible for more countries to repay or re-finance their government debt without the assistance of third parties. By 2012 the debt crisis forced five out 17 Eurozone countries to seek help from other nations. Some believed that negative effects could spread further possibly forcing one or more countries into default.
  However, as of October 2012 the contagion risk for other eurozone countries has greatly diminished due to a successful fiscal consolidation and implementation of structural reforms in the countries being most at risk. None of the following countries is in danger of being cut off from financial markets.
context_section_description: European debt crisis contagion refers to the possible spread of the ongoing European sovereign-debt crisis to other Eurozone countries. This could make it difficult or impossible for more countries to repay or re-finance their government debt without the assistance of third parties. By 2012 the debt crisis forced five out 17 Eurozone countries to seek help from other nations. Some believed that negative effects could spread further possibly forcing one or more countries into default.
  However, as of October 2012 the contagion risk for other eurozone countries has greatly diminished due to a successful fiscal consolidation and implementation of structural reforms in the countries being most at risk. None of the following countries is in danger of being cut off from financial markets.
caption: Sovereign CDS showing a temporary loss of confidence in creditworthiness of certain EU countries. The left axis is in basis points; a level of 1,000 means it costs $1 million to protect $10 million of debt for five years.
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