"This is a system in deep trouble"

Sinéad Pentony 15/08/2011

Sinéad Pentony: In The Guardian, Larry Elliott argues that “only a new way of managing the global economy can prevent more mayhem in the market and on the streets”. He identifies a number of ingredients that have contributed to the crisis, namely the US decision to break-up the Bretton Wood system and abandon the ‘gold standard’. While …