Hemmelgarn, Thomas; Nicodeme, Gaetan; Zangari, Ernesto - General Directorate Taxation and Custom Union, European … - 2011
The 2008 financial crisis is the worst economic crisis since the Great Depression of 1929. It has been characterised by a housing bubble in a context of rapid credit expansion, high risk-taking and exacerbated financial leverage, ending into deleveraging and credit crunch when the bubble burst....
