What Was the Main Financial Problem That the Government of Greece

Multiple Choice

What was the main financial problem that the government of Greece faced in 2009?

A) It had a large budget surplus that it needed to invest, but it was unable to find investments that offered a high rate of return.
B) It had a large budget surplus, but the president vetoed attempts to use the surplus to give tax refunds to the citizens.
C) It had a large budget deficit, but the parliament refused to raise transfer payments to reduce the deficit.
D) It had a large budget deficit, but most of its creditors were unwilling to make loans to Greece or charged extremely high interest rates to compensate them for the risk of loss.