The current events unfolding before us in the Middle East are upping the geopolitical risks and triggering such economic threats as an oil price shock and financial market turbulence.
I would like to call this “global systemic risk” as opposed to “financial systemic risk.” Piling Pelion on Ossa, in addition to international financial instability, international social instability represents an issue that must be dealt at an early date in order to avoid a new type of crisis.