What was the main financial problem that the government of Greece faced in 2009?
A)It had a large budget surplus that it needed to invest, but it was unable to find investments that offered a high rate of return.
B)It had a large budget surplus, but the president vetoed attempts to use the surplus to give tax refunds to the citizens.
C)It had a large budget deficit, but the parliament refused to raise transfer payments to reduce the deficit.
D)It had a large budget deficit, but most of its creditors were unwilling to make loans to Greece or charged extremely high interest rates to compensate them for the risk of loss.

Question

Quizplus · Accepted Answer

The main financial problem that the government of Greece faced in 2009 was a large budget deficit, but most of its creditors were unwilling to make loans to Greece or charged extremely high interest rates to compensate them for the risk of loss. This led to a debt crisis that caused economic turmoil and required multiple bailouts from the European Union and the International Monetary Fund.

What Was the Main Financial Problem That the Government of Greece