As a result of financial problems in 2008 Greece, Portugal, Ireland, and Cyprus received money from the EMU, most of that money came from
A) Germany.
B) France.
C) United States.
D) Russia.
E) China.

Question

​As a result of financial problems in 2008 Greece, Portugal, Ireland, and Cyprus received money from the EMU, most of that money came from
A) ​Germany.
B) ​France.
C) ​United States.
D) ​Russia.
E) ​China.

Quizplus · Accepted Answer

Germany has been the largest contributor to the European Stability Mechanism (ESM), which is responsible for providing financial assistance to struggling eurozone countries. Therefore, it is likely that most of the money received by Greece, Portugal, Ireland, and Cyprus came from Germany.

​As a Result of Financial Problems in 2008 Greece, Portugal

As a Result of Financial Problems in 2008 Greece, Portugal