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As the Recession in the Euro Area Appeared to End

Question 38

Multiple Choice

As the recession in the euro area appeared to end on mid-2009, to address a perceived weakness in the Irish banking system, the Irish government did what?


A) It decreed that all debts of Irish banks were being canceled.
B) It decreed that Irish banks would thereafter pay not more than 3 percent per annum on deposits.
C) It decreed that it would loan Irish banks the equivalent of 3 billion U.S.dollars.
D) It decreed that the Irish government would guarantee all deposits and debts of the largest Irish banks.

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