Europe's tilt toward austerity is driven by the current financial crisis, says political analyst Cornelius Adebahr, of the German Council on Foreign Relations.
VOA: standard.2010.06.16
I think the subprime crisis that is the current financial crisis highlights this very well.
我认为目前的次贷危机,很好的说明了这一点
"The current financial crisis has clearly demonstrated that risk to the financial system can arise not only in the banking sector, but also from the activities of other financial firms, such as investment banks and insurance companies that traditionally have not been subject to the type of regulation and consolidated supervision applicable to bank holding companies,"
VOA: standard.2009.10.01
Weak regulations have been blamed for the 2008 financial crisis that led to the current global economic recession.
VOA: standard.2010.07.13
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