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The crisis in the Eurozone is part of a general structural crisis with both global and regional dimensions. e US generated nancial crisis was imported into the Eurozone due to the structural weaknesses and accumu- lated tensions built up during the years following the introduction of the common currency. ese tensions express themselves in an accumulation of private debts and in huge balance-of-payments imbalances within the Eurozone. e sovereign debt crisis is the result of these weaknesses anddoi:10.7146/politik.v16i1.27531 fatcat:dyk4f22yubcv7gy7hmoqlf7vnm