Dr. George Vardangalos
(Electrical and Computer Engineer, IT Consultant, EPIS Ltd)

During the last weeks, we are witnesses of a “new” global financial crisis that was triggered by the S&P’s downgrade of US credit rating. The real causes were the global sovereign debt crisis, the slowdown of growth in Europe and the US, the possibility for many western countries to enter again in a recession and of course the end of the QE2 program in the US. This crisis has lately signs of a “Lehman-like” borrowing crunch in the EU among its banks.... Read more

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