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Economic collapse, also called economic meltdown, is any of a broad range of poor economic conditions, ranging from a severe, prolonged depression with high bankruptcy rates and high unemployment (such as the Great Depression of the 1930s), to a breakdown in normal commerce caused by hyperinflation (such as in Weimar Germany in the 1920s), or even an economically caused sharp rise in the death ...
This occurred following recent disputes in the three-party coalition government over the country's economic policies and ongoing tensions within the coalition. Lindner's dismissal caused the collapse of the coalition, as the FDP moved into the opposition, leaving a two-party minority government of SPD and The Greens.
The collapse of Germany's governing coalition and President-elect Donald Trump's imminent return to the White House are creating new risks for the European Union's biggest economy, already in a ...
British credit crisis of 1772–1773 – started in London and Amsterdam, begun by the collapse of the bankers Neal, James, Fordyce, and Down. War of American Independence Financing Crisis (1776) (United States) – The French monarchy went deeply into debt to finance its 1.4 billion livre support for the colonial rebels; Spain invested 700 ...
The collapse of Germany's government could have a silver lining for the euro zone's ailing economy with potentially higher spending likely to support its currency and stock markets, even if the ...
France's government collapsed Wednesday after Prime Minister Michel Barnier was forced out in a no-confidence vote in Parliament, reigniting a summertime political crisis for the country as it ...
Russian President Vladimir Putin faces a difficult week as Syria's government collapses, Russian military bases are overrun by rebels, and protests in Abkhazia and Kazakhstan signal a decline in ...
Another cause of the government failure, as many critics of government intervention claim, is that politicians tend to look for short term fixes with instant and visible results that do not have to last, to difficult economic problems rather than making thorough analysis for solving long-term solutions. [14] [15]