Current Global Financial Crisis: Cause and Solution الأزمة المالية الحالية: السبب والحل

The world is currently witnessing the harsh tempers of the global economy unleashing sweeping upheavals across the world, sending shock waves around the world’s stock markets, devastating the major financial institutions, causing panic and fear in individuals, corporations and governments globally. This grave situation calls for urgent and active attention to address and stop it from getting out of control whose effects could be too large and too late to deal with. The effect would spill over and spare no one as the world economies are interconnected. Various governments and central banks across the world are making frantic and serious efforts to mitigate the high risks associated with the economic and financial meltdown. This requires individual and collective approach through co-operation among the developing and developed nations in order to make the measures more effectively felt. --