Barbara Magnoni and Jennifer Powers, produced for review by the United States Agency for International Development (USAID). March 2009. 2  The Global Financial Crisis and its Impact on Microfinance”. Elizabeth Littlefield and Christoph Kneiding for the Consultative Group to Assist the Poor (CGAP) Focus Note No. 52. February 2009.
A revealing example is the prolegomena of the present crisis: Many years before 2008, many independent observers, among them the Bank of Greece, had been warning that the Greek economy was vulnerable and if the large public and external deficits were not restrained, a severe crisis was unavoidable.