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Chief economics commentator of the Financial Times Martin Wolf explains that further shocks could be ahead for the economy because governments have failed to deal with fundamental problems in the world’s financial systems. Wolf traces the causes of the great recession to the complex interaction between globalisation, destabilising global imbalances and fragile financial systems. He argues that management of the Eurozone in particular guarantees a future political crisis and offers far more ambitious and comprehensive plans for reform than are presently being considered.

Wolf is associate editor and chief economics commentator at the Financial Times and winner of the Ischia International Journalism Award. He is a former fellow of the World Economic Forum in Davos and author of Why Globalization Works and Fixing Global Finance.