The markets took some solace from a major beat out of China on export data (while not liking inflation readings), the prospect of further stimulus out of Japan, and had some mixed reaction to what were meant to be encouraging comments out of Mario Draghi and the ECB.

FORBES: 'Gerard Depardieu Downgrades France Again' (And Other Quotes Of The Week)

With a neutral, non-national money as the backbone of financial order, no country had a systematic way to export its overborrowing and inflation to the rest of the world.

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Currently, global growth is threatened by several macro headwinds such as Euro-zone debt crisis and concerns over U.S. growth both of which can decelerate growth in export-reliant Asian economies and fuel inflation due to prolonged easy money policies.

FORBES: Macro Turbulence Taps Brakes On Ford Outlook

Its dilemma is how to avoid spending so much of the oil and gas money that inflation gets going, possibly then killing off export industries.

ECONOMIST: Norway

The country's economic growth slowed in the first quarter to 7.7% amid export, housing and inflation pressures, raising concerns that a recovery that started in the second half of last year is already losing steam.

WSJ: Diageo, Remy Flag Asia Woes