Actions taken by the European Central Bank to address the European Union's financial crisis from 2009 to 2013 include all of these EXCEPT
A) reducing taxes to provide stimulus packages.
B) negotiating agreements for private banks to write off or restructure loans to governments.
C) insisting that governments move closer toward balanced budgets.
D) providing loans to banks.

Question

Quizplus · Accepted Answer

The European Central Bank did not directly reduce taxes to provide stimulus packages as a response to the financial crisis. Instead, they focused on other measures such as providing loans to banks, negotiating agreements for private banks to write off or restructure loans to governments, and insisting that governments move towards balanced budgets.

Actions Taken by the European Central Bank to Address the European