From late 2009 a handful of mainly southern eurozone member states started being unable to repay their national Euro-denominated government debt or to finance the bail-out of troubled financial sectors under their national supervision without the assistance of third parties. This so-called European debt crisis began after Greece's new elected government stopped masking its true indebtedness and budget deficit and openly communicated the imminent danger of a Greek sovereign default. Seeing a sovereign default in the eurozone as a shock, the general public, international and European institutions, and the financial community started to intensively reassess the economic situation and creditworthiness of eurozone states. Those eurozone states being assessed as not financially sustainable enough on their current path, faced waves of credit rating downgrades and rising borrowing costs including increasing interest rate spreads. As a consequence, the ability of these states to borrow new money to further finance their budget deficits or to refinance existing unsustainable debt levels was strongly reduced.
Who brought Greece's financial crisis to the forefront?
new elected government

Some modern day physicists and science writers—such as Paul Davies and John Gribbin—have argued that materialism has been disproven by certain scientific findings in physics, such as quantum mechanics and chaos theory. In 1991, Gribbin and Davies released their book The Matter Myth, the first chapter of which, "The Death of Materialism", contained the following passage:
What is the name of the 1991 book by Paul Davies and John Gribbins?
The Matter Myth

In the 1950s after PRC was established by CPC, the government invested heavily in the city to build a series of state-owned heavy industries, as part of the national plan of rapid industrialization, converting it into a heavy industry production centre of East China. Overenthusiastic in building a “world-class” industrial city, the government also made many disastrous mistakes during development, such as spending hundreds of millions of yuan to mine for non-existent coal, resulting in negative economic growth in the late 1960s. From 1960s to 1980s there were Five Pillar Industries, namely, electronics, cars, petrochemical, iron and steel, and power, each with big state-owned firms. After the Reform and Opening recovering market economy, the state-owned enterprises found themselves incapable of competing with efficient multinational firms and local private firms, hence were either mired in heavy debt or forced into bankruptcy or privatization and this resulted in large numbers of layoff workers who were technically not unemployed but effectively jobless.
The mistakes the government made during this period resulted in what type of growth?
negative economic growth