The threat of a second European financial crisis in 2011 and 2012 was due primarily to problems with:
A)home loans.
B)commercial real estate loans.
C)credit cards.
D)public debt.

Question

Quizplus · Accepted Answer

The threat of a second European financial crisis in 2011 and 2012 was primarily due to problems with public debt. Countries like Greece, Portugal, and Ireland were heavily indebted, leading to concerns about their ability to repay their debts and maintain economic stability in the Eurozone. This led to fears of a broader sovereign debt crisis, which could have had significant implications for the global economy. The crisis was ultimately mitigated through a series of bailout packages and other measures, but it highlighted the risks of high levels of public debt in the modern economy.

The Threat of a Second European Financial Crisis in 2011