As a result if Greece defaults and the US goes back into recession the UK will be swept along in
the resulting financial meltdown.
Not exact matches
«The
meltdown of our global
financial system was a direct
result of inadequate checks and balances,» says Adam Lowry, co-founder and chief global sustainability officer of Method, which makes chemical - free household products.
The absence of proper consumer protection was a major contributing factor to the present
financial meltdown, for «it has now become clear that abrogating sound state laws, particularly regarding consumer protection, created opportunity for regulatory arbitrage that
resulted in a regulatory «race - to - the - bottom.
The effects of the spill are far from over: The oysters and shrimp have not come back, and many fishing families have suffered
financial meltdown as a
result.
«But immediately after the launch, Lehman Brothers collapsed (prompting a global
financial meltdown), which
resulted in that segment of the market shrinking dramatically.»