"I think there's a serious intellectual crisis: being unable to make sense of the new India".
"I think they thought too much about the crisis being the problem.
12.09pm BST There is no feeling of the crisis being over, he says.
In a crisis being able to devalue and to control your own monetary policy can prove an advantage.
But supervisors cannot count on the next crisis being as clear-cut as the failure of LTCM.
It has had a good crisis, being the only EU country to avoid a recession, at least so far.
And far from the eurozone crisis being to blame, only rising exports kept us out of recession last year.
There are no economic miracles in Latin America, and there have been some notable disasters, Argentina's crisis being the latest.
The idea cuts straight to the heart of the crisis being experienced by mainstream leftwing parties across Europe and beyond.
Writing in the Guardian on Tuesday, shadow chancellor Ed Balls said people will not buy talk of the crisis being over.
It explores the design of emergency procedures in the space programme, the cause of a potential crisis being not a monster but, most likely, an asteroid.
