THE ECONOMIC – FINANCIAL CRISIS 2007 – 2009

Abstract

This article takes a look at the well known economical and financial crisis, which affected all the countries in the world. When comes to Europe, the most affected countries were the Baltic countries: Estonia, Latvia and Lithuania. The economy of these countries shrank enough, so that they cope with another wave of crisis.

Keywords

• financial crisis
• irrational exuberance
• Baltic countries