IMP pls help need to understand the link...Euro crisis pls pls..have to write a report?
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i have read about both of them separately and i understand them but in some of the articles..i felt that there is some link.. is there any link between the Us sub prime lending crisis of 2007-08 and Euro debt crisis of 2011?I mean any link? Pls any kind of help will be extremely appreciated..it s very very important help :)
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Answer:
I don't believe there is a direct link between those two crisis events on different continents at successive times. But because of the interconnected global banking and trading systems, there certainly were fallouts of either event felt by the other. However, I could find not find an article anywhere on the Internet that actually linked these two events. So the best I can do is give you the history, timelines and facts of each event as described by wikipedia and you find a connection or link. Then I also included a couple other articles that may be of help: http://en.wikipedia.org/wiki/Subprime_mortgage_crisis http://en.wikipedia.org/wiki/European_sovereign_debt_crisis http://www.globalissues.org/article/29/causes-of-the-debt-crisis http://www.sherrycooper.com/article.php3
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