Which of the following factors led up to the Greece debt crisis in 2009-2010?
A) Speculative attacks on the euro and a rise in actual and expected inflation
B) A decline in tax revenues resulting from a contraction in economic activity
C) A double-digit budget deficit
D) All of the above
E) only B and C of the above

Question

Quizplus · Accepted Answer

The Greece debt crisis was primarily due to a decline in tax revenues and a double-digit budget deficit, not speculative attacks on the euro or inflation issues.

Which of the Following Factors Led Up to the Greece