02-11-2014 12:29 via feeds.theguardian.com

The world economy is flying with only one engine | Nouriel Roubini

The pilots of the global financial system must navigate menacing storm clouds, and fights are breaking out among the passengers, writes Nouriel RoubiniThe global economy is like a jetliner that needs all of its engines operational to take off and steer clear of clouds and storms. Unfortunately, only one of its four engines is functioning properly: the Anglosphere (the United States and its close cousin, the United Kingdom).The second engine the eurozone has now stalled after an anaemic post-2008
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