At the end of the financial crisis of 2008,which region was facing new pressures from mounting debt at a level unparalleled since the 1930s?

Question

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Europe was facing new pressures from mounting debt at a level unparalleled since the 1930s. The crisis was particularly pronounced in countries such as Greece, Ireland, Portugal, Spain, and Italy, which became known as the "PIGS" countries. These countries had high levels of public debt and were unable to pay their debts without assistance from other European countries and international institutions.

At the End of the Financial Crisis of 2008,which Region