The Crisis of Europe
Eurozone crisis (19 March 2011)
Historical Map of Europe & the Mediterranean
In 2008 a major financial crisis had broken out in the US and rapidly spread to Europe. Its impact was greatest on Greece, Ireland and Portugal, small countries who had joined the single currency eurozone in the previous decade and were now heavily in debt in a currency over which they had no control.
Albania and Croatia join NATO
US troops withdrawn from Iraq
European sovereign-debt crisis in the euro zone
Starting in Tunisia, revolutionary protests sweep Arab world. The Tunisian government is overthrown in January 2011; President Hosni Mubarak resigns in Egypt in February; Libya collapses into a civil war, leading to the capture and execution of dictator Muammar Gaddafi in October. Protests also occur in Oman, Yemen, Syria, and Morocco. However by early 2012, the tide has subsided and the regimes have begun to reassert themselves.