Thank you — your vote has been counted.

Long before the 2008 financial crisis, which country suffered a banking crash after years of easy credit, soaring property prices and reckless lending?

  • Sweden 223 votes (22.3%)
  • Japan 320 votes (32.0%)
  • Spain 161 votes (16.1%)
  • Argentina 297 votes (29.7%)

Total votes: 1,001

Answer: A — Sweden.

Explanation: In the late 1980s, Sweden deregulated credit and experienced a lending and property boom. When the bubble burst in the early 1990s, property prices fell, banks suffered huge losses and the government had to intervene to stabilise the financial system.