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The government?s attempts to paper over the crisisthen leadsto sovereign crisis
be it through banking crises or the burst of housing bubblesleadingto sovereign crisis
the financial crisishas ledto sovereign crisis
The rejection of QE by the ECBcausedthe sovereign crisis
in capital flight within the euro zonehas resultedin capital flight within the euro zone
in capital flighthas resultedin capital flight
from country s public debts itselfdid ... resultfrom country s public debts itself
a banking crisisis causinga banking crisis
The uncertainty(passive) caused byThe uncertainty
to a severe deterioration of almost all financial ratios and risk indicators for the four domestic systemic banksledto a severe deterioration of almost all financial ratios and risk indicators for the four domestic systemic banks
to questionsledto questions