A couple of months ago most countries announced their economy was recovering from the biggest crisis since the thirties. However last month "Dubai World" somewhat "muddied the waters".
In a comment published Thursday, Moody's Investor's Service warned that Japan's Banks had 'now been drawn fully into the global credit crunch' amid the domestic economic downturn and market slump.
During the period, an immense number of books had been published on economic crisis, the greatest contributions being made by Irving Fisher and Keynes.
A legal opinion by Bundestag experts argues that help for Greece might be allowed by European treaties if the crisis can be blamed on outside forces, like speculators or the global recession.
The soft-spoken Mr Clark has won praise for his handling of that crisis and for being quicker than his rivals to start restructuring his firm in preparation for leaner years.