We very frequently read about Europe’s Sovereign—debt crisis these day. Which of the following statement/s is/are true about the same ? In early 2010 the Euro crisis developed in some countries like Greece, Spain and Portugal. This created a credit default swap between the countries of the European Union. SAARC countries have offered some assistance to some of severely affected countries like Portugal, Spain and Greece.

• A. Only 1
• B. Only 2
• C. Only 1 and 2
• D. All 1, 2 and 3
• E. None of these