The 2008 financial crisis saw global capital markets withdraw support from the Republic of Ireland, which had financed its debt through excessive borrowing. Which other country's government debt became unsustainable due to the 2008 financial crisis, leading to a bailout?

Question

Accepted Answer

Portugal. Portugal's government debt became unsustainable due to the 2008 financial crisis, which also led to reduced global support for the Republic of Ireland. This economic disruption led the country to negotiate a loan in 2011 with the IMF and the European Union to help stabilize its finances.