In 2008, the bankruptcy of the banking system and created a credit crunch and caused a risk of global deflation. It was only averted by a rescue plan global which lasted more than 5 000 billion, and by a stimulus program that dug the public debt of the developed countries approximately 20 % of their GDP. The crash bank then created a crisis of sovereign risk, which failed to burst the euro area.
Less than twelve years later, the developed countries are again forced to commit 20 % of their wealth in the form of public debt in order to avoid…
Article reserved to subscribers
Already a subscriber ?
sign in
Not a subscriber yet ?
Subscribe
writing will advise you
Nicolas Baverez – Under the Covid-19, the Brexit Baverez – Déconfinons football ! Baverez, The tragedy brazilian Baverez, France is to rebuild
