, Volume 67, Number 1

Jens Bastian and Vanessa Rossi
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Jens Bastian is a Visiting Fellow for the Political Economy of Southeast Europe at St Antony’s College Oxford. Vanessa Rossi is Senior Fellowin the Int. Economics Programme at Chatham House, London

A new year always presents many risks and uncertainties - this is not unusual. However, the challenges that the global economy faces in 2011 include not only the normal threats posed by volatile background conditions, but also the possibility of a major structural break-up that might have far-reaching, possibly devastating, repercussions.

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