Financial Crises Spreads in Europe

Although I am pretty sure that James has been all over this topic already, but we can share some knowledge, right? I'm talking about the economic issues of late, if you hadn't guessed yet. I read this article titled Financial Crises Spreads in Europe from the online front page of the New York Times. Authors, Carter Dougherty, Nelson Schwartz, and Floyd Norris, write that the recent stock market crashes along with the housing market continually dropping have traveled across the Atlantic to the European countries. Across the continent governments have bailed out major banks in order to keep their economies alive.
At no time would I say that I have ever been deprived of something that was needed or even wanted, but there has been a large difference due to the weak economy. For the first time in my life I heard things like, "we don't have the extra money right now" when I pleaded for a macbook. In a way I believe this "recession" has been a good experience for me because it shows that you have to work sometimes although who doesn't want a new computer. ;P