Sovereign Debt Crisis in Europe: A Different Crisis with a “Less Than Different” Impact on Bangladesh?

Global economy is going through another round of rough patches. Right after an economic turmoil that originated in the USA, the global economy is experiencing a debt crisis in the EU region. Even though there are certain differences in the nature of the crisis, the possibility of an economic disaster around the world looms over. Bangladesh suffered from the previous financial crisis with a time lag. The country also fears a similar lagged blow from the EU crisis as that region is one of her major trading partners. Export, Aid, FDI and remittance of Bangladesh are feared to suffer from the EU sovereign debt crisis but the impact might not be immediate in case of this crisis as well.