Worldwide Riots and Markets Meltdown May 14, 2010

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Worldwide Riots and Markets Meltdown May 14, 2010
Friday, May 14, 2010

May 14, 2010As the financial problems in Europe continue to spread across the world, there have been growing protests and riots, all symbolizing a global crisis. The austerity measure that governments have taken to offset the financial crisis could damage short term growth and cause the world to double dip into a recession. Gregory White says that banks that operate within the European Union that have sovereign debt from countries in their books will be doubted by other banks that are potential lenders.

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