Tuesday, June 19, 2012

Eurozone crisis originated in North America

"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 2012
Well, how did $34 trillion dollars suddenly appear in global capital markets between 2000 and 2007?

1 comment:

jazs07 said...

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