The Debt Crisis Refers to

Multiple Choice

The debt crisis refers to

A) the high debt service many peripheral countries must pay on international loans.
B) the increasing debt service that banks are unable to collect from students and credit card holders.
C) the loans that entrepreneurs in core countries are unable to get from investment banks.
D) the difficulty core countries have in balancing their budgets.
E) the increasing number of bankruptcies occurring in core countries.