The great recessionexplain what caused the financial crisis

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The Great Recession

Explain what caused the Financial Crisis of 2007-2009.

Explain how in the economy could be self-regulating in the long-run and should recover from the Great Recession.

However, in Europe the Great Recession seems to continue because of excessive government debt and the European Central Bank's reluctance to buy government bonds. Explain.

Reference no: EM13374216

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