The impact of 2007-2010 financial crisis in Europe and Albania
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Crisis resembles a marathon where the relay moves from one place to another and the fire runs through the entire territory. The financial crisis in the United States of America collapsed the entire world markets. It started as a financial crisis, but soon moved to the real sector, causing some countries to experience deep recession. Thanks to the exposure of global financial markets, financial integration and international trade, the decline was experienced both in developed and developing countries. The size of the crisis crackdown for different ranges has been different, as it is dependent o...
Crisis resembles a marathon where the relay moves from one place to another and the fire runs through the entire territory. The financial crisis in the United States of America collapsed the entire world markets. It started as a financial crisis, but soon moved to the real sector, causing some countries to experience deep recession. Thanks to the exposure of global financial markets, financial integration and international trade, the decline was experienced both in developed and developing countries. The size of the crisis crackdown for different ranges has been different, as it is dependent on the specific factors of each country, so some countries are faced with financial hardship and some other countries have gone much easier, such as it is our country as well. But how long will the world continue to sail in troubled waters and how strong are the waves that will strike them? The purpose of this book is to give a clear picture of the emergence of the financial crisis and the escalation of this crisis into the real economy; to show the position occupied by countries now facing the crisis and especially where Albania stands.
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