What happened in Greece in 2010?
A) The debt had become low and was therefore safe.
B) The debt had become too low and was therefore risky.
C) The debt had become too high and was therefore risky.
D) The debt had become too high and was therefore safe.
E) A credit upgrade was instituted.

Question

Quizplus · Accepted Answer

In 2010, Greece experienced a debt crisis, as the country had accumulated a large amount of debt that it was struggling to manage. The debt had become too high, and investors began to view Greek bonds as very risky. This led to a sharp increase in the cost of borrowing for Greece, making it increasingly difficult for the country to pay its debts. Eventually, Greece had to seek a bailout from the European Union and the International Monetary Fund in order to address its financial problems.

What Happened in Greece in 2010