Which of the following problems with the euro most likely worsened the financial crisis in Greece?
A)excessive flexibility with interest rates
B)cultural disagreements on labor reform
C)lack of uniform fiscal regulation standards
D)unclear policies of the European Central Bank

Question

Quizplus · Accepted Answer

The lack of uniform fiscal regulation standards in the eurozone made it easier for Greece to manipulate its debt and deficit figures with the help of investment banks, which eventually led to a debt crisis. This problem was not addressed properly, which worsened the financial crisis in Greece.

Which of the Following Problems with the Euro Most Likely