Big Debt Crisis

links is economic. The economies of the world are connected

via trade and transactions. There is a huge number of

transactions taking place on a daily basis between people

belonging to different countries. Thus the world is in itself an

economy. There are many chances that this economy

underperforms due to various reasons. A major reason for this

underperformance is a failure of one or other economy inside

the world if a country faces a financial downturn it definitely

affects other countries also. History shows that there are many

cases of such economic crisis that have happened across the

globe. These have lasted for years or sometimes decided. Their

immediate effects can be easily seen in the economic

performance of a country. Almost all the financial institutions

get affected in some way or the other. Many of them even fail

to sustain. Unemployment rise is also a common outcome of

such debt crisis. These crises act as an example and a lesson

for future generations.