Noun
financial crisis (plural financial crises)
An episode of sharp instability in the global or a local financial system in which financial assets lose a significant proportion of their value, often caused by the bursting of an economic bubble.
I take great pride in having been able to overcome the Asian financial crisis and seeking the opportunities available to bring about an unprecedented growth in the economy. Zhu Rongji
What we know about the global financial crisis is that we don't know very much. Paul Samuelson
These two entities - Fannie Mae and Freddie Mac - are not facing any kind of financial crisis. The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing. Barney Frank
The world economy today is recovering slowly, and there are still some destabilising factors and uncertainties. The underlying impact of the international financial crisis is far from over. Hu Jintao
Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response. Lawrence Summers
The global financial crisis - missed by most analysts - shows that most forecasters are poor at pricing in economic/financial risks, let alone geopolitical ones. Nouriel Roubini