Introduction
The World will never be the same as it was before the Financial Crisis.
These are the words the German Finance Minister Peer Steinbrück used in Parliament on September 25 in 2008 to describe the significance of the current Financial Crisis. Since the stock market crash at the beginning of October in 2008, we have been hearing increasingly bad news about the economic situation in the United States and also all over the world.
Little by little the Financial Crisis has been assuming alarming proportions and the number of people who are affected by it grows exponentially. The Financial Crisis started in the Finance sector and has already moved on to the real economy. the current situation just beeing the tip of the iceberg. Economists and politicians of all affected countries agree that there will be at least a worldwide recession if not a depression that reminds a lot of people of the Great Depression of the 1930s.