A return to normal?

The US has detoxified the debt that caused its financial crisis. The challenge for the EU is greater

A financial crisis erupts when a large volume of financial assets suddenly appears risky and investors want to get rid of their holdings. These assets become ‘toxic’ – not simply risky, but carrying a risk that cannot be quantified. Given that their risk cannot be calculated, their owners just want to sell them – sometimes at any price.

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