Several European countries suffered from financial crises at the same time as the U.S. Match each county to the statementwhich describes its particular crisis.In 2013,Insuffered under interest rates of 25% after the recession hit the shipping industry hard.suffered from an unemployment rate of 25% and huge amounts of debt.banking industry.,the newest member of the Eurozone, politicians have a great deal of control over theThe crisis inwas unable to cut the government budget because the courts overturned key laws.began much as it did in the United States, when a housing bubble burst.In spite of many bank failures, the people ofgovernment bailout.remained in a recession longer than other nations due to very slow economic growth.Answer BankSpaindid not want investors and banks to receive aSlovenia PortugalItaly GreeceIrelandCypress

In 2013, In suffered from an unemployment rate of 25% and huge amounts of debt. suffered under interest rates of 25% after the recession hit the shipping industry hard. ,the newest member of the Eurozone, politicians have a great deal of control over the banking industry. was unable to cut the government budget because the courts overturned key laws. The crisis in began much as it did in the United States, when a housing bubble burst. In spite of many bank failures, the people of government bailout. did not want investors and banks to receive a remained in a recession longer than other nations due to very slow economic growth.

In 2013, In suffered from an unemployment rate of 25% and huge amounts of debt. suffered under interest rates of 25% after the recession hit the shipping industry hard. ,the newest member of the Eurozone, politicians have a great deal of control over the banking industry. was unable to cut the government budget because the courts overturned key laws. The crisis in began much as it did in the United States, when a housing bubble burst. In spite of many bank failures, the people of government bailout. did not want investors and banks to receive a remained in a recession longer than other nations due to very slow economic growth.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Several European countries suffered from financial crises at the same time as the U.S. Match each county to the statement
which describes its particular crisis.
In 2013,
In
suffered under interest rates of 25% after the recession hit the shipping industry hard.
suffered from an unemployment rate of 25% and huge amounts of debt.
banking industry.
,the newest member of the Eurozone, politicians have a great deal of control over the
The crisis in
was unable to cut the government budget because the courts overturned key laws.
began much as it did in the United States, when a housing bubble burst.
In spite of many bank failures, the people of
government bailout.
remained in a recession longer than other nations due to very slow economic growth.
Answer Bank
Spain
did not want investors and banks to receive a
Slovenia Portugal
Italy Greece
Ireland
Cypress

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