The severe shortage of workers, not the current crisis in the financial services sector, is the biggest danger for the global economy, news agency ANP quotes academic and investment guru Jaap van Duijn as saying.

Speaking at a symposium on the credit crisis at Nijenrode University, Van Duijn said the economy was on the verge of a wages spiral which will boost inflation.
In a year’s time, no one will talk about the banking crisis brought on by the US mortgage market, Van Duijn, former head of investment house Robeco, told the meeting.