jim.shamlin.com

7: The Eurozone Sovereign Debt Crisis

According to some estimates, the 2007-2009 crisis sapped as much as 10% of the world's GDP - and even this may be understated because the world economy's value prior to the crisis was already inflated by an unsustainable rate of growth, which represents the deepest drop in the world economy since the Great Depression of the 1930s.

(EN: this chapter reads more like a history lesson, documenting the events that occurred during the financial crisis across several nations. I kept reading, trying to find something that might contribute to an understanding of the banking industry in general, and didn't see it - just a narrative of events from a specific event in recent history.)