MoStan Asia's Stephen Roach on the increasing frequency of financial crises

The crises are coming with greater frequency. Over the last 25 years we have had an average of one crisis every 3 years. The gap this time is 18 months. The scale is bigger. This is a much more serious problem in the eurozone than it was in the late 90s with the the Asian financial crisis.

~Stephen Roach, chairman, Morgan Stanley Asia, Bloomberg Radio interview, May 10th, 2010