The economic crisis

Appunto inviato da francescopolga001
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La crisi economica del 2008 spiegata in inglese (2 pagine formato doc)

When did it start? 2008
Where did it start? USA
Why did it start ( root causes )? Banks lent lots of money without asking for guarantees.
Loans were not covered, people didn’t give money back, banks which couldn’t get money from their customers  collapsed ( Lehman Brothers).

LA CRISI ECONOMICA DEL 2008-2009 (Clicca qui >>)


In 2009 the crisis spread out to Europe ( Eurozone).
Consequences : Banks didn’t give back the money invested or charged high interests on money lent.
In 2010 people have got less money, they don’t buy, sales decrease, production decreases, people don’t work, unemployment increases, no money for facilities, etc.

LA CRISI DEL GOVERNO PRODI DEL 2008 (Clicca qui >>)


Governments have to help. How? Reforms to help companies and  families ( investments in public infrastructures).
Do  Governments have the money?
Italy has no money : Debt in Italy is heavy, we can’t make/print money, we can’t put money in infrastructures (  France and Germany  can)

LE CRISI ECONOMICHE (Clicca qui >>)


Drivers of the crisis :

1- DEBT ( owing to the debt you can’t spend money)
2- GDP
According to the GDP ( Gross Domestic Product = PIL All what a country produces and owns.).