Question

Read the following Statements, numbered as A, B, C, D, E carefully and determine which options is most logically chronologically ordered? A. The treaty tests of a budget deficit no bigger than 3% of the GDP and a public debt converging towards a ceiling of 60% of a GDP seemed impossible for Italy to pass by 1999. B. That Belgium also had a public debt above 100 percent of GDP helped, as did a special euro tax Mr. Prodi introduced. C. Into the uncompromising environment came the first of a series of external shocks. One of the earliest was entry into the European single currency, the euro, in 1999. D. But when it became clear in 1997 that Spain was determined to join from the start, Romano Prodi, then Italian prime minister, decided that Italy, as a founder member of the bloc, must be there too. E. Germany had more or less designed the 1992 Maastricht treaty's convergence criteria to keep out a profligate, chronically indebted Italy.

• A. E, D, B, A, C
• B. C, E, B, A, D
• C. E, B, C, A, D
• D. C, B, D, E, A
• E. C, E, A, D, B

Hint:

When ordering chronologically, look for specific dates and events to establish the sequence.

Answer 1

The Correct Option is A

Step 1: Understanding the Concept:
Chronological ordering requires placing historical statements in the order they logically happened or according to mentioned dates.
Step 2: Key Formula or Approach:
Approach: Locate dates: 1992 (E), 1997 (D), 1999 (A, C). Use sentence C as a thematic introduction to the environment of shocks.
Step 3: Detailed Explanation:
C sets the stage by introducing external shocks and the Euro (1999).
E provides background from 1992 (Maastricht treaty design).
A explains the specific difficulty for Italy by 1999.
D moves back to 1997 to show the catalyst (Spain's determination).
B concludes with specific measures (Prodi's tax) that helped solve the crisis.
Step 4: Final Answer:
The logical chronological sequence is C, E, A, D, B.