Available at www.koreatimes.co.kr/www/news/nation/2012/04/370_109089.html
Abstract
Not a single transaction between European banks is possible due to the once-in-a-century floods in Central Europe. One farm is contaminated; all food import from Europe to Russia cancelled. Climate change is a political challenge; 20 percent of exports are disappearing. Three European examples of environment related shocks that shake the economy: How to make decisions in the world that is dominated by man-made (global financial system) and environment generated (climate change) uncertainties?