XAT 2013 Question 97
This is a detailed step-by-step solution for XAT 2013 Question 97. Understand the concept, common mistakes, and expert tips to solve similar questions in XAT exam.
XAT
When a country is unable to pay its debts, it is said to have been hit by the sovereign debt crisis. In Europe, Greece filed for bankruptcy. Spain, Iceland, and Portugal are also affected by the sovereign debt crisis. Together, these countries are known by the acronym PIGS.
Therefore, option D is the right answer.