Source: advisorperspectives: You Know Your Government Is in Trouble When...

I would say that Europe reached the "BANG" moment back in 2009 first with Greece and then the greater part of Europe in 2010. The "BANG" moment for Greece is clearly visible below in which its ratings were downgraded from "A-" to "CCC" in just two years and 5-yr bond yields rose from below 5% to more than 60%!