Issue 2010 May 15
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GLOBAL FINANCIAL CRISIS: Fault-lines widen in world’s financial system
The collapse of Lehman Brothers investment bank in 2008 triggered the global financial crisis. Should Greece default on its debt, a second crisis could be precipitated, but the world cannot afford another massive bailout.The crisis has challenged the foundations of economic globalism.Globalism is free trade ideology, embracing unrestricted deregulation of the global financial system, of international trade, of labour markets and of many…
