Why is the West dependent on Arab money? What don’t we just take it? They have proved that they cannot fight. Their money is in Western Banks. The Arabs have nothing but sand and oil. When they nationalized the oil fields back in the 50’s, the west should have taken that as an act of war, and come in a blown them off their camels.
I can simply say it all started with overspending on social programs by governments and their need to cover the large debts.
The ‘debt crisis’ has spread in recent years into the banking system in general.
The Arabs and Asians have money and that’s where investors, business people, nonprofits etc. etc. go for money.