It became discredited when a sharp deterioration in Greek, Irish, Portuguese and Spanish government bonds during the euro zone debt crisis showed that such debt can be risky and feed a "doom loop" to drag down lenders.
Euro bölgesi borç krizi sırasında Yunan, İrlanda, Portekiz ve İspanya hükümeti tahvillerinde görülen keskin bir bozulma, bu borcun riskli olabileceğini ve borç verenleri aşağı çekmek için "doom döngüsü" ni beslediğini gösterdi.
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