In 2009 Greece received emergency loans from other European countries and the International Monetary Fund. These loans required the Greek government to cut spending, which worsened the Greek recession.

Question

Quizplus · Accepted Answer

This is true. The loans came with conditions that required Greece to implement austerity measures, including spending cuts, which contributed to a worsening of the recession in Greece.

In 2009 Greece Received Emergency Loans from Other European Countries