The House of Fugger went bankrupt at the end of the sixteenth century when which of the following defaulted on their loans?

Question

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The House of Fugger was one of the wealthiest families in Europe during the sixteenth century and made a significant amount of money through various industries including mining, textiles and banking. One of their biggest clients was the Habsburgs, a powerful royal family with vast territories throughout Europe. The Fuggers loaned large amounts of money to the Habsburgs, who eventually defaulted on their loans, leading to the bankruptcy of the House of Fugger. The pope and Venetians were not major clients of the Fuggers and did not play a significant role in their bankruptcy.

The House of Fugger Went Bankrupt at the End of the Sixteenth