Question

And the decision makers in Athens with responsibility for fiscal policy continued to blunder.?

1) commit a faux pas or a fault or make a serious mistake
2) be involved in
3) move stealthily
4) treat differently on the basis of sex or race

Answer 1

Athens' decision-makers' fiscal policy blunders relate to Greece's forced austerity measures during the financial crisis, contrasting with the US expansionary actions, leading to discussions on the euro's viability.

Step-by-step explanation:

The question seems to focus on the fiscal policy decisions made by decision-makers in Athens, which relates to historical financial strategies and their consequences. During the 2008 financial crisis, the United States chose an expansionary fiscal policy, which involved running large budget deficits to stimulate the economy. In contrast, Greece and other European countries were forced to adopt austerity measures due to the impact of the crisis on their budgets, leading to high deficits. These austerity measures included significant cuts to government spending and substantial tax increases. This difference in response to the financial crisis has been a subject of much economic analysis and has sparked discussions regarding the euro's sustainability and the various approaches to fiscal policy during times of financial instability.