Key words to be addressed are ‘Explain’ and ‘main causes‘ and ‘global financial crises’.
• Where / how did the meltdown start? Countries most affected?
• Too much ‘easy’ credit’ (personal, governmental and corporate).
• Too much speculation and general risk taking by ‘greedy’ bankers (bonus culture).
• Too many sub-prime mortgages not being repaid.
• Failure or near failure of banks and respected financial institutions.
• Impact on economies around the world.
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