ABSTRACT
The global financial crisis of 2008, partially triggered by the unexpected bankruptcy of Lehman Brothers, soon developed into a global economic crisis involving the manufacturing sector, and also brought about a social crisis that affected employment and all other aspects of life. Nearly four years after the initial shock, we may believe that the days of panic have gone. However, the pace of economic recovery is very slow, especially in the advanced capitalist economies. In addition, not only in European countries but also in the U.S., the economic crisis has morphed into another crisis: a sovereign crisis.
