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Another is a sectoral crisis; rising debt levels fueled growth in economic sectors which can no longer be sustained.
Sectors which had been hardest hit in the recent rout continued their recovery.
Brittany is the heartland of France's pork and poultry sectors, which have seen major factory closures.
There are differences between the sectors which should be respected and protected.
The organisations and sectors which are the targets for philanthropic funds need both.
Particularly vulnerable are the real estate, construction and retail sectors, which are the most heavily indebted.
Plus, there are many sectors which value the skills they have picked up along the way.
As in America, these sectors, which have both seen a slump, are heavy employers of migrants.
This is true across sectors, which is what helps drive so much short-term corporate thinking.
It diverts credit from infrastructure and manufacturing, sectors which create jobs and are far too puny.
That has favoured those sectors which are more defensive in nature.
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CEO of Professional Science Editing for Scientists @ prosciediting.com