"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?
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.
ReplyDeleteInternational Economics