Based on the $10-$year bond yields of the United Kingdom and Greece as shown in the figure below, which answer best describes the c$$rrent conditions?

Greece has higher borrowing costs than the United Kingdom which is to be expected since Greece has historically been perceived as a higher credit risk: than the United Kingdom.

United King dom has higher borrowing costs than Greece which is very unusual since Greece has historically been perceived as a higher credit risk than the United Kingdom.

United Kingdom has higher borrowing costs than Greece which is to be expected since the United Kingdom has historically been perceived as a higher credit risk than Greece.