Home » General Knowledge » International Events » Question
  1. Which among the following countries is facing debt crisis?
    1. China
    2. Canada
    3. Germany
    4. Greece
Correct Option: D

Greece faced sovereign debt crisis in the aftermath of the financial crisis of 2007–08. The crisis started in late 2009, triggered by the turmoil of the Great Recession, structural weaknesses in the Greek economy, and revelations that previous data on government debt levels and deficits had been undercounted by the Greek government. The country required bailout loans in 2010, 2012, and 2015 from the International Monetary Fund, Eurogroup, and European Central Bank



Your comments will be displayed only after manual approval.