As share markets around the world settled down after the early August rout it became apparent that this round of economic uncertainty was yet another consequence of the original GFC that still bedevils western economies.
Future Fund Chairman David Murray warned that the debt crisis affecting the United States and most European countries could take several years to resolve.
“The sorting out of that problem is something that could take up to 20 years. As that post crisis environment unfolds we will see continuing events such as we've seen in the past couple of weeks.”
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