Which one among the following led to the Greece economic crisis 2010 ?

The Greek economic crisis of 2010 was primarily driven by decades of fiscal profligacy, characterized by unrestricted government spending and economic mismanagement [t2]. Upon joining the Eurozone in 2001, Greece benefited from low interest rates and cheap loans, which fueled a borrowing spree to fund public services, wage increases, and social benefits [t4, t6]. This 'fiscal indiscipline' led to the accumulation of unsustainable public debt, often hidden through budget subterfuge and inaccurate data reporting [t1, t3]. The 2007-2008 global financial crisis acted as a catalyst, exposing these structural weaknesses and leading to a confidence shock when the true extent of the deficit was revealed in 2009 [t1, t2]. While the IMF provided bailouts starting in 2010, this was a response to the crisis rather than its cause [t6]. Similarly, capital flight occurred as a consequence of the unfolding insolvency [t1].

Sources

1. [1] https://www.investopedia.com/articles/personal-finance/061115/origins-greeces-debt-crisis.asp