The world's financial system is entering dangerous waters again, warns guru of the Lehman crisis - The Telegraph

Columbia professor Adam Tooze: ‘We don't know what is going to break until it does, but there are a lot of reasons to worry’

The perennial locus of trouble is Europe's half-built monetary union, where the bond-buying spree of the European Central Bank has mopped up Club Med (and French) debt issuance as if there was no tom… [+3600 chars]

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