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The crisis even claimed a number of collateral damages, including out-going Slovak Prime Minister Iveta Radicova who turned a vote to boost the eurozone financial safety net European Financial Stability Facility (EFSF) in October into a confidence motion and failed to secure it.
Although the debt crisis was not the sole factor that contributed to the collapse of governments, it surely played its own part.
Prior to the crisis, the five "PIIGS" TOEICgovernments and their ruling parties had enjoyed at least some popularity at home.
Before Cowen's fall, his Fianna Fail party has dominated Ireland's political life for 80 years, while Socrates, referred to many as the "George Clooney of Portuguese politics," was applauded for his charm and style, as well as his reconciliatory approach as a negotiator.
Papandreou, following the footsteps of his grandfather and father who were both prime ministers, had won a landslide victory in Greece's 2009 elections, whereas Zapatero had managed to be elected Spanish prime minister twice.
Even Berlusconi, dogged by a variety of accusations 不動産投資ranging from briery to paying an underage girl for sex, had managed to stand as Italy's longest-serving prime minister and the dominant figure in Italian politics for almost two decades.
But that was only before the towering debt chipped away their grasp onto power, and the crisis is still far from over.
NEW FACES, SAME CRISIS
The face-changing in the political landscape of these ウォーターサーバーtroubled countries could be a step forward in the right direction, analysts said, if coupled with necessary reforms to spur growth.
"The new governments can benefit from the credibility of its leaders which the previous ones couldn't," said Fabien Zuleeg, the chief economist of European Policy Center (EPC).
"But it needs to be clear that they will get the room to implement significant reform, including not only austerity measures but also structural reforms and even investments to enhance future growth," he said. |
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