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sDiannDafni
sDiannDafni sDiannDafni
  • 17-05-2016
  • History
Answered

What was the cause of the European debt crisis?

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taskmasters
taskmasters taskmasters
  • 24-05-2016

The European Debt crisis was initially caused due to the slowing down of the banking sector of United States of America. Several European banks had heavily invested in the mortgage market of United States of America. As soon as the slowdown in the United States economy started, the European banks were also hit hard.

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