This threatened financial stability Europe-wide because the countries in the euro area are highly interdependent financially. Decisive action by governments required 9. In the market turbulence last May, Greece was the epicentre. With drastic intervention, government leaders and the ECB temporarily managed to turn the tide and  2  BIS Review 171/2010  market turmoil abated.
I was raised by academics in a college town, but even that access and insight did not give me the full picture of what was out there. A career in economics can take you in directions you never thought possible. We live in a constantly changing world, which means there is always new research to undertake, questions to be posed, and ground to break.