An overview of the causes and consequences of the global financial crisis that hit the world in 2008 last updated september 30 2010. About the european economic and social committee eesc is the voice of organised civil society in europe find out more about its role and structure at http www . The financial crisis of 2007 2008 also known as the global financial crisis and the 2008 financial crisis is considered by many economists to have been the worst . Un news centre official site for daily un news press releases statements briefings and calendar of events includes un radio video webcasts magazines . The icelandic financial crisis was a major economic and political event in iceland that involved the default of all three of the countrys major privately owned
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