A primary cause of the Eurozone Crisis has been
A) excessive borrowing by weaker countries in the euro area.
B) too rapid growth that has fueled inflation.
C) the failure of some nations to join the Eurozone.
D) recession in the United States, which caused a recession in Europe.

Question

Quizplus · Accepted Answer

Excessive borrowing by weaker countries in the Eurozone, such as Greece, Portugal, and Spain, led to high levels of debt that they struggled to repay. This created a crisis of confidence among investors, who feared that these countries might default on their loans and led to a wider crisis in the Eurozone.

A Primary Cause of the Eurozone Crisis Has Been