Post 1_Brief history of the world crisis

At the end of 2008 the world has been hit by the deepest recession since the second world war. In the origin  this recession has been a financial crisis started in the United States in the summer of 2007, then the crisis quikly spread in europe and in the worldwide. This crisis has generated in the mortgage market “subprime”, a small part of the U.S. housing market that provides loans to those who have a relatively high probability of not be able to repay. Among the main factors of the crisis are included also: the high prices of raw materials (especially oil), a global food crisis, high inflation, the threat of a worldwide recession, a credit crisis and subsequent collapse of the stock markets’ confidence. From 2010 the resumption has began primarily in the emerging economies like asiatic and latin american ones, while in advanced economies such as them of western europe countries and of U.S.A. the statistics show us that unemployment is high and it will remain still long.

Welcome

Dear friends welcome to our blog!

We are a group of students of Political Science of Padova University and we have created this blog with the aim of giving some explanations about the crisis that has affected so strongly the European Union in recent years.
We will try to analyze what were the main reasons that have caused it, the measures taken by the Institutions to deal with it, and the repercussions that have been in the single countries.
Each week we will publish some posts with importants updates about this thopic.
The blog is open to debate and discussion, so comments and reflections are welcomes.

Good reading!!