The foundations of the economic crisis, which shook the world"s economy, in particular in the US and in Europe, were laid as early back as 1981, when the global operation for brutal deregulation and liberalization of the North-American market was initiated.
This was perfected between 2001-2007, which was characterized by a veritable boom of financial instruments and arrangements, extremely toxic and sophisticated, precisely to make them as hard to understand as possible for their future "victims".
As it was to be expected, the financial crisis hit mercilessly, first of all the US, which was behind it, and then Europe, which is tightly connected to the North-American space.
The most adequate definition for this crisis would be a return to normalcy. Over the last 30 years, the world"s industrial and financial infrastructure, even the consumption infrastructure, has been based more on desire rather than ability to obtain. Desire was fueled by borrowed money, virtual money, which didn"t actually exist, creating a very deceiving appearance, which led to a so-called "bubble", which did eventually explode in 2007-2008.
The tsunami caused by the earthquake which was devastating for the US, which was the creator of the crisis, also hit Europe, in a somewhat undeserved manner.
Europe tried to protect itself in a mistaken manner, using mistaken anti-crisis plans, based in particular on encouraging consumption and massive government borrowing, "inflating" its public debt, meaning that when the vastness of this phenomenon was discovered, it was already too late for some countries, which were quickly included on a European "hall of shame", called PIIGS (Portugal, Italy, Ireland, Greece, Spain).
Whereas in the US, the basics of the US anti-crisis plan consisted in rewarding the institutions responsible for the crisis with over 700 billion dolla
