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Financial crisis

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UK Eyes Financial Reform on Global Crisis 

Jul 08, 2009By

The financial crisis felt so keenly in the US housing market and broader economy has become a global ailment — and necessitates a global remedy — according to a report on the British government’s plans for financial market reform. “The world economy has been hit by a severe financial crisis, resulting in the worst global economic downturn for over 60 years,” writes the Chancellor of the Exchequer Alistair Darling in an executive summary of the paper.

3d rendering of a row of luxury townhouses along a street

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