Financial Shockwaves Around the World

By Katie Paul, Lily Huang. Kathy Jones and David Graham

Wall Street and Main Street weren’t the only places struck with financial fear when the financial crisis hit in 2008. Around the globe, economies large and small continue to reel from the United States’ financial crisis. Once stable European banks faced failure or government bailout. Meanwhile, emerging markets, such as the Baltic states, which enjoyed robust growth in the past few years, were suffering unrest as their economies rapidly deteriorated (at left, rioters in Athens protest the Greek government’s “austerity” spending cuts on May 5, 2010). Here is a look at how an American-made crisis has shaken markets, and nations, the world over.