1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Elanso [62]
3 years ago
10

Some European nations have experienced a debt crisis. What caused this crisis?

History
2 answers:
Mnenie [13.5K]3 years ago
6 0

Answer:

During times of economic prosperity, some nations borrowed more money than they can pay back now in times of economic hardship.

Explanation:

In the 2000s, Europe went through a financial crisis that was mainly due to fiscal problems. In periods of bonanza, before the crisis, some countries, among them Portugal, Ireland, Italy, Greece and Spain, spent more money than they were able to collect with taxes. To finance themselves, these countries started to accumulate debts. This caused a serious crisis in the Eurozone, which was almost extinct. A recovery program of austere nature was implemented with the International Monetary Fund, causing many conflicts between the population and the Government, mainly in Greece. At present the situation is better, but Europe has not yet fully recovered, embittering low economic growth rates.

SSSSS [86.1K]3 years ago
5 0

The correct answer is D) During times of economic prosperity, some nations borrowed more money than they can pay back now in times of economic hardship.

Some European nations have experienced a debt crisis. The cause of the crisis was that during times of economic prosperity, some nations borrowed more money than they can pay back now in times of economic hardship.

Some European governments thought that borrowing money was the best solution to the problems they have at the moment. But the problem was not to borrow but to pay the debt and interests. That was the case of European countries such as Greece or Spain, which caused severe problems in their countries and instability in European markets to the degree that the European Union. led by Germany, had to take action.

You might be interested in
Two examples of how southerner whites restricted the voting rights of African Americans in the years after the civil war. Why di
Klio2033 [76]

Answer:

1. After Reconstruction, many southern states enacted a poll tax, which was used to Ensure poor African Americans could not afford to vote.

2.Literacy tests, requiring voters to pass in order to vote. Because African Americans were exploited economically and denied an education, these restrictions disqualified many of them as voters.

7 0
3 years ago
What were some of the reasons why Reconstruction ended when it did?
matrenka [14]
Reconstruction came to an end as there were too many southreners opposing of the reconstruction
7 0
3 years ago
Read 2 more answers
WW1 to WW2 influences
Juli2301 [7.4K]

Answer: The major causes of World War II were numerous. They include the impact of the Treaty of Versailles following WWI, the worldwide economic depression, failure of appeasement, the rise of militarism in Germany and Japan, and the failure of the League of Nations.

4 0
2 years ago
Where did the writers of the U.S. Consitution get some of their ideas?​
iren2701 [21]

Answer:

it's a guess but I hope it helps

Explanation:

they got their ideas from the Confucius ideas

5 0
2 years ago
Question 1 (4 points)
boyakko [2]

Answer:

3rd ansewr

Explanation:

6 0
3 years ago
Other questions:
  • Why would Pennsylvania have appealed to immigrants? A. because of its status as a royal colony B. because of its commitment to r
    13·2 answers
  • True or false? The first duty of the Freedmen’s Bureau was to provide emergency relief to people displaced by war.
    14·2 answers
  • What is the climax, or turning point, of the “An Episode of War”?
    12·1 answer
  • Identify the data point that shows a major effect of the Black Death.
    9·1 answer
  • Características de la historia precolombina
    13·1 answer
  • Historical thinking skills can be divided into three main processes: asking questions, _____, and drawing conclusions. A. refini
    11·2 answers
  • What is meant by the title article and the Easter proverb " the arch never sleeps "
    7·1 answer
  • How did south Africa imperialism look? Why did imperialism look the way that it did in Africa?
    12·1 answer
  • Synthesizing How did President Roosevelt assist Britain while<br> maintaining U.S. neutrality?
    12·1 answer
  • Accenture secures a contract with a new client that has implemented very little automation across the organization and is unfami
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!