Five countries have all requested bailouts -- Greece , Ireland , Portugal , Spain and Cyprus . Katainen said the crisis is serving as a `` very hard lesson '' to many eurozone countries . `` One of the reasons why we are in crisis at the moment is that everybody did not follow strictly the rule base and now we pay the price , '' Katainen said . The euro has been in place for almost two decades now
Five countries have all requested bailouts -- Greece , Ireland , Portugal , Spain and Cyprus . Katainen said the crisis is serving as a `` very hard lesson '' to many eurozone countries . The euro has been in place for almost two decades now