"Too big to fail" is still with us

Ten years after the Lehman Brothers collapse a question is on everyone`s lips: can this happen again? The worries around such a possibility are completely justified by the crisis that Ben Bernanke, a former FED Chairman deemed the worst in mankind`s history, surpassing, therefore, the Great Depression which broke out in 1929. The reason is first and foremost, the speed with which it spread across the US and the world`s economy. Let us not be fooled by the fact that, unlike the 1929 crisis, its consequences were mitigated by governments and central banks, as the long-term impact of their measures is yet to be fully understood. Moreover, the effects will linger for quite some time, if, of course, the economic system does not find ways to adjust itself. One cannot help wondering about what will finally happen with the vast amount of new money printed by central banks in the developed countries,