financial crisis
From the Queen of England to the auto industry laid off workers in Detroit is wondering why many experts, the financial crisis have not seen coming. This is an awkward question. How can policy makers be so sure that the financial disaster will not return again soon when they obviously had no idea that such a crisis would occur at all ever?
The answer is not very reassuring. Basically, there is still a risk that the financial crisis has fallen only in the winter and then morphs into a state debt crisis.
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