Philip Suttle, the director of Global Macroeconomic Analysis, IIF states the following risk discussion on the following major four vulnerabilities in 2010 crisis:
1. Oil gives the world recession, same happened in 2008.
2. Fiscal issue. Turmoil in the treasury market.
3. Keeping fixed exchange rate in vulnerable credit environment, where unemployment rates go up in different regions in monetary zone. EU is facing this challenge of keeping the exchange rate fixed, and they will face this challenge for about 5 more years.
Ring any bells?
economics: Four Vulnerabilities of the 2010 Global Economy. Video. Encyclopædia Britannica Online. Web. 15 Feb. 2011.