Discuss Forum
1. which one among the following events led to the Greece Economic crises 2010 ?
- A. sudden deprecation of Euro
- B. sudden deprecation of Euro
- C. sudden deprecation of Euro
- D. sudden deprecation of Euro
Answer: Option B
Explanation:
The Greek crisis was triggered by the turmoil of the Great Recession, which lead the budget deficits of several Western nations to reach or exceed 10% of GDP. ... Consequently, Greece was "punished" by the markets which increased borrowing rates, making it impossible for the country to finance its debt since early 2010.
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