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The Global Financial Crisis (GFC) is the most significant worldwide economic catastrophe since the Great Depression of 1929, sub-prime mortgage crisis is an example of financial crisis that affected global financial market worldwide. Give some other examples of financial crisis in your discussion below.
Discuss the possible causes of the financial crisis. Do you think GFC could be repeated again? Discuss.
Explain the scale and impact of financial crisis in economies of different countries including your own country, identify some of proposed reforms.