As a result of the financial crisis of 2008, the EU countries that were most at risk for not being able to pay their government debts included Portugal, Ireland, Italy, Greece, and Spain.

Question

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These countries, often referred to as the "PIIGS," were particularly affected by the financial crisis and struggled to manage their government debts, leading to economic instability and austerity measures.

As a Result of the Financial Crisis of 2008, the EU