EUROPE AND THE GLOBAL FINANCIAL CRISIS
Journal Title: Impact Strategic - Year 2008, Vol 29, Issue 4
Abstract
The financial crisis that shocked from the ground the worldwide democracy's fief, the United States, spread engrossingly its tentacles on Europe, too. According to Romanian and foreigner specialists, here, just as in the US, the crisis nourished from some interventionist policies that undermined the market economy. The numerous errors produced on financing economy led to an erroneus allotment of a huge capital flow. Under these circumstances, the governments had to inject billions of Euros, in order to save the troubled banks.
Authors and Affiliations
Vasile POPA
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