This is a sort of a shift in how the economic world is viewed. Most countries now are connected together in a way that makes economic isolation impossible.

Now - during the tough time of European debt crisis- times are tough and those struggling to make ends meet have focused their efforts close to home.

To fully understand the depth and complexity of our current conundrum, we must appreciate how we got here. An economist described the whole current situation as follows:

It is widely accepted that we process grief in five stages: denial, anger, bargaining, sadness and acceptance. If we apply that psychological continuum to the financial market construct, it offers a valuable lens with which to view this evolving crisis.