The international credit crisis that began in 2008 originated in the credit markets in the eurozone when the governments of some of the eurozone countries were unable to make interest payments on their debt.

Question

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The international credit crisis that began in 2008 had its origin in the United States' subprime mortgage market, and then spread globally through the interconnectivity of financial institutions and markets. The debt crisis in the eurozone unfolded later as a separate issue.

The International Credit Crisis That Began in 2008 Originated in the Credit