Inside Story - Financial crisis and Europe - 23 Aug 08 Pt 1

In the third of a special Inside Story series on how the world has reacted to events on Wall Street we report from London.

Category:

News & Politics

Tags:

• financial
• crisis
• wall
• street
• london
• stock
• exchange
• global
• markets
• al
• jazeera
• lehman
• brothers
• inside
• story

[jinjin16]

if these people didn't know what were going on, why are they now talking like experts?

[timetofly5]

the money whores are getting what they got coming to them Why help them

[sduking]

That's some nice defcon counting dude. It goes from 5 to 1 (no it dosent, other way). Then he goes, defcon one, two, ...., four, one. 13:36

[Francesko263]

European wellness is seen with envy by evil global banksters.

[asteris78]

out of this joke now ,

[asteris78]

out of this joke part of goldman sachs

[Gary190tube]

It is absolutely untrue for them to say that this wasn't foreseen.

Of course it was. Everyone saw it coming a mile off.

And it will happen again in 20 years, and 20 years after that...

[ne1l007]

yes very true. i agree with the editor of city AM

, its called a wealth effect. Ireland and spain realy on construction thus the bubble bursting hit it hard

[Spenner56]

Europe will soon be the only continent in the world with it's own `capital ´ !

Der Spiegel magazine reports that the un-elected EU Commission has `Big ambitions for Europes capital ´. These include 10,000 new offices for their 30,000 beurocrats and an office space as big as 40 football pitches for the un-elected Commissions employees.

Who'se to pay the hundreds of millions of Euros..` perhaps billions ´needed for this project ?

Us Europeans denied a voice !

Crisis ?

What crisis ?

[siebelseibel76]

I am not commenting on America's economy or if America is recovering. I am talking about what the world will walk away with after the crisis. Regionalism is becoming significant. Asia is just one example. In South America, states are running towards Brazil.

I don't think the world will move along without a lesson.

[KineticFrenetic]

Eh, it's almost a month later and our own economy has somewhat recovered from this disaster. It's old news now. In fact, our own fears have decreased the demand on many products.

Sometimes "jumping the gun" with any propaganda (whether it be economic "apocalypse") can prove to be SAFE. Anyways, it's all blown over. Great Depression Part 2 won't commence til another date. Move along...

[siebelseibel76]

The Asians have learned from the Asian Finanical Crisis and will not repeat it.

Currently, the East Asian Tigers, as well as China, Japan and others in East Asia are defining the IMF more then ever. Their economies are not fully open for American companies to profit off of. Instead, they are focusing on exports by devaluing their currency and purchasing foreign reserves more then ever.