Eurozone network “Connectedness” after fiscal year 2008

•The study examines the Eurozone network connectedness before and after 2008.•The study considers both financial and non-financial entities as network nodes.•After 2008, the Eurozone network was less dense than in prior periods.•Network topology can predict the effects of bad events in different contexts.

This study shows that the density relationships (connectedness) among both financial and non-financial entities listed in the Eurozone were reduced after the 2008 fiscal year, when the recent financial crisis exacerbated its effects.