'The Next Financial Crisis is Not Far Off' (Jayati Ghosh)

The rebounding of output barely touched unemployment, which remains at historically high levels in most countries. The sovereign debt problems in Europe are just an indication that the financial crisis is far from over, and will continue to reveal itself in new forms for quite some time to come. Meanwhile, the stingy and (so far, at least) visionless response of the stronger economies to the crises in peripheral Europe has condemned them to intensified contraction and ensured that the EU will generate little growth and much instability in the near future.

READ MORE: Guardian/UK