摘要：The Global Financial Crisis and its catastrophic impact around the world were a clear demonstrationof the interdependence and vulnerability of countries and societies. Among the causes of the crisis, whichrepresented a crisis of confidence in financial systems and practices, were the complex development ofderivatives, the lack of common sense in loan markets, the greed and duplicity of those who sawunsustainable growth as an opportunity to prolong profit while inventing and marketing toxic assets, andthe failure of the regulatory and credit rating agencies to act on early signs of disorder. Most economieshave now been stabilized, at huge cost in “stimulus packages”, but it remains to be seen if real recovery ispermanent or when real reforms addressing the failed systems will bite.
