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The Volcano Crisis and the Financial Crisis

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THERE WILL BE NO PUN INVOLVING THE WORD ASH HERE, SO MOVE ALONG
The Fistful of Euros blog asks if the volcano crisis and the financial crisis are at all similar. "In each, an unexpected event in a forgotten part of the system ends up having global ramifications.  The unexpected event occurs in a system that needs constant motion for its effective operation: as long as the securities/passengers can be moved on to the next stage, the system keeps functioning.  When one part of it stops working, the rest quickly breaks down.  But there’s more." Much more.

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