Several European countries suffered from financial crises at the same time as the U.S. Match each country to the statement which describes its particular crisis. Answer bank in images In 2013, 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. In ,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 did not want investors and banks to receive a government bailout. remained in a recession longer than other nations due to very slow economic growth.

Several European countries suffered from financial crises at the same time as the U.S. Match each country to the statement which describes its particular crisis. Answer bank in images In 2013, 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. In ,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 did not want investors and banks to receive a government bailout. remained in a recession longer than other nations due to very slow economic growth.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter23: The International Trade And Capital Flows

Section: Chapter Questions

Problem 34CTQ: If a country is a big exporter, is it more exposed to global financial crises?

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