What major global event did Christofias face during his presidency?
Dot-com bubble
2007-8 Global Financial Crisis
Y2K Bug
2004 Tsunami
Answer
During his presidency, Demetris Christofias faced the 2007-8 Global Financial Crisis, a severe economic downturn that originated in the United States and spread worldwide. The crisis had a significant impact on Cyprus, leading to a sharp decline in economic growth, rising unemployment, and a banking crisis. Christofias's government implemented austerity measures in response to the crisis, which included cuts to public spending and tax increases.
Unlocking the Legacy of Leadership: The Demetris Christofias Challenge
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