Asked by Franco Volschenk on Jul 16, 2024
Verified
During the European Sovereign Debt Crisis in 2009, five out of seventeen countries were in financial trouble. Which three countries that were given bailouts were able to recover and borrow in traditional bond markets again by 2014?
A) Ireland, Cyprus and Spain
B) Ireland, Portugal and Spain
C) Cyprus, Portugal and Spain
D) Cyprus, Ireland and Portugal
European Sovereign Debt Crisis
A period of financial turmoil in the eurozone where several member countries faced rising government debts and bond yields, leading to bailouts and austerity measures.
Traditional Bond Markets
Financial markets where investors trade debt securities, typically issued by governments and corporations with fixed interest rates.
Bailouts
Bailouts refer to financial support provided to a company or country facing financial distress, often to prevent bankruptcy and stabilize the economy, usually by governmental or international organizations.
- Analyze the impact of major global financial crises on international trade and finance.
Verified Answer
Learning Objectives
- Analyze the impact of major global financial crises on international trade and finance.
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