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A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics.
1
vote
Why is the German government now in favour of the possibility of Greece leaving the eurozone?
What I gather from the news is that the German government is trapped in its own game in a way.
Since the 2007-2008 crisis, the Greek have presented to the German population as being lazy, laxing disc …
11
votes
Why is there no rise of extreme-left in present-day Europe?
Apart from the discussions in the comments about what constitutes an extreme-left party and what does not, I think this is a very complex question.
Extreme left?
As usual the right-left separation, …