The first thing to explain is that although the term "international financial crisis" is widely used, it is not accurate.The financial crisis, including the United States and Europe, began in 2007 and reached its peak between September and October 2008. There was no financial instability in the rest of the world, with only a brief negative economic impact in late 2008 and early 2009. In these areas and the United States, the crisis ended in 2010.The crisis, by contrast, has been in the euro zone for a long time, thanks to a widening crisis in the policy framework of the regional monetary union.Until in the middle of 2017, Italy's two big Banks, Banks bailed out by the government, the financial sector restructuring, reflect the euro area financial system vulnerability finally an important problem to solve.
The Explanation For International Financial Crisis
- May 16, 2018-