A global financial crisis?

According to the daily Delo the impact of the US financial crisis on the rest of the world is growing. "It looks like the American financial system is facing growing difficulties and there will be even more scapegoats. The financial system only has itself to blame for these [problems] because it exercised too little control, was too greedy and failed to consider the risks. .. The international financial crisis has long been a global problem. The EU in particular is very cautious in its approach [to dealing with the problem]. At the EU's most recent financial summit in Nice it was, so to speak, taboo to talk about a recession. ... But the plunge in stock prices witnessed yesterday in Europe and across the world ... is an indication that the turbulent times are not over yet. ... The entire global economy will go on paying the huge bill Wall Street was landed with for a while yet."

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