The "Crisis", whose scope was limited to the financial sector in the beginning but then transmitted to other sectors of the real economy, resulted in a significant liquidity crisis and credit restrictions. Its effects are still being felt at both the global and country-specific levels.

Some of the most common examples include: huge fiscal deficits, high unemployment rates, low interest rates; recession, contraction or slow growth of economic activity, etc.

The following article of IEG-Issues is aimed at analyzing a set of aspects of the recent world crisis. In this edition Enrique Ballestero, professor emeritus at the Universidad Politecnica de Valencia, uses a particular metaphorical language to try an approach an explanation of the phenomenon that the world economy is still experiencing even today.