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And began to airlines and shipping giant and owners of small factories and businesses in all its forms and activities is feeling the pressure caused by the European banks stopped lending as part of its efforts to increase its capital and to support their balance sheets. Which led to the credit crunch experienced by companies operating from Berlin to Beijing, which puts the global economy on the brink of another economic recession.
The deteriorating situation in the euro area pay Organisation for Economic Cooperation and Development to amend its forecast for U.S. economic growth at a rate of 2% next year, down from the expected rate at the previous 3.1% in May. Also reduced the economic outlook for Europe and the rest of the world, can also aggravate the contraction of credit from the economic slowdown.
Moreover, increased agency Moody's credit rating from the possibility of an overall reduction in the debt rating of European governments in the event of not reaching a strong resolution and resolve the escalating crisis worsening.
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