Most eyes on the economic crisis have been directed toward Wall Street, where the house of cards began falling last summer, and the White House, where President Barack Obama has taken center stage in pushing an economic stimulus package for the United States. But this is a global economic crisis.
In the United Kingdom, the country is in near-economic ruin. Iceland is effectively bankrupt.
It's not the first time a country has become insolvent. Perhaps because the crisis was overshadowed by the September 11, 2001 terrorist attacks, Argentina's financial collapse that year was largely overlooked outside of Latin America.
These issues were the topic of the World Economic Forum which has just ended.
Meanwhile protests were held across Russia yesterday over the worsening economic conditions there caused in large measure by plummeting oil profits. France came to a standstill due to a general strike over President Nicolas Sarkozy's proposed economic reforms. Even China's economy is stalled. Violent protests have erupted there.
We'll be looking at the economic crisis from a global perspective on News Talk Online on Paltalk.com at 5 PM New York time Monday February 2. To join in the conversation CLICK HERE.
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