In the early 1990s, which nation took the lead in driving up European interest rates?
A) Spain.
B) France.
C) Germany.
D) United Kingdom.
E) Belgium.

Question

Quizplus · Accepted Answer

Germany took the lead in driving up European interest rates in the early 1990s, as it sought to combat inflation and strengthen the value of the deutsche mark. This had significant impacts on other European economies, particularly those with weaker currencies, as higher interest rates made borrowing more expensive and dampened economic growth.

In the Early 1990s, Which Nation Took the Lead in Driving