Understanding the Greek Financial Crisis

What is the main reason other Euro countries are concerned about Greece's financial crisis?

• They want to take over Greek businesses.

• They fear the crisis could spread to their own economies.

• They are worried about losing their investments in Greece.

• They are concerned about Greece's political stability.

What was the initial financial measure taken by Euro countries to help Greece?

• A European stabilization mechanism

• Privatization of Greek state businesses

• A financial parachute

• A bailout package of over €110 billion

What is the purpose of the financial parachute created for Greece and other countries?

• To offer immediate financial relief with a promise of responsible future actions

• To provide a long-term solution to financial crises

• To replace the bailout package

• To encourage private banks to lend more money

How did the European Central Bank's actions deviate from its basic principles?

• By increasing interest rates

• By selling Greek government bonds

• By lending a significant amount of money to Greece

• By refusing to lend money to Greece

What is one of the Greek government's strategies to address its financial issues?

• Reducing public sector wages

• Implementing a new currency

• Increasing taxes on imports

• Selling shares of state businesses