subprime mortgage crisis
complex financial products
deregulation of financial industry
excessive risk-taking by banks
housing bubble burst
failure of major financial institutions
gptkb:public_policy gptkb:Eurozone_crisis
bank failures
high unemployment
austerity measures
foreclosures
loss of household wealth
decline in consumer spending
increase in public debt
global economic downturn
changes in financial regulation
rise in populism
increase in poverty rates
decline in global trade
collapse of major banks
fall in stock markets worldwide
loss of millions of jobs