Analysis

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What are the foreseeable consequences of the financial crisis?

4 min reading time

Published on 03/11/08 - Updated on 17/03/22

Recession, bankruptcy, bailout plans and lay-offs: these upsetting words are making the headlines of all the papers. The world economy is gradually sinking onto a durable crisis. This long descent into hell began in the summer of 2007. With the explosion of the subprime bubble, the smiles that had reigned until then in the financial world began to dwindle.

Postures stiffened as the players in finance shared some of the risk of these risky real estate credits. Then, bankers began to frown at investors come to ask for the means to finance their projects. Problem: debt is a primordial element in the real estate and hotel sector where the leverage effect...

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