This financial crises affects everyone... from north to south, east to west.
Europe is only just getting a taste of what to come hitting them straight on the head. The 4Q corporate results aren't rosy. Unemployment is rising fast, massive retrenchment has already began.
Even Middle-East economies are slowing down, retrenchment is a non-issue there.
Banks are the worst affected, banks that follow the main stream of banking business.
The only bright star left shinning belongs to those that follow the Sharia Law, i.e. Sharia Bank.
They have done extremely well and relatively unaffected by this global financial crises.
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