Banks and government inabilities to manage them
Looking back at the recession outbursts, 2009, the bankers of US, mainly, followed by the UK and part of EU, who easily lent money to invest in subprime Real Estate generated toxic assets and reached soon insolvency. The Political System of those countries propped up the Bankers in their goals, but when the recession was highly visible the Governments were pushed to rule the upheavals in the Western economy and the impact on the global market by stringent austerity measures and arduous structured reforms.
The Economy got balanced summarily In EU and neighborough countries. However, nowadays we’re still getting on at dealing with economical debt crisis and new upheavals in the geo-political new assets which are going to occur. We again assist to State banks bailing out private banks, as a result consumers are pressed and involved in the debt crisis which has not been responsible for and getting through their tougher daily life. Furthermore the actual political leadership in this main countries seems unwilling to grasp the knettle, as a consequence liabilities and stagnation in the global market determine, socially, huge decrease of the middle-class, increase of poverty and a littlest portion of riches, who, in my humble opinion have an influence on that.