"This crisis was not originated in Europe … seeing as you mention North America, this crisis originated in North America and much of our financial sector was contaminated by, how can I put it, unorthodox practices, from some sectors of the financial market." José Manuel Barroso at the G20 summit in Mexico, 19th June 2012Well, how did $34 trillion dollars suddenly appear in global capital markets between 2000 and 2007?
Tuesday, June 19, 2012
Eurozone crisis originated in North America
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Some economic experts stated that the crisis had started in the United States for some reasons during the economic downturn they had experience last 2009.
International Economics
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