Eurozone Debt Crisis: More dangerous than expected, WB

SYDNEY: World Bank chief Robert Zoellick on Saturday warned of a new and more dangerous time in the global economy, with little breathing space in most developed countries as a debt crisis hits Europe. Zoellick said that the Eurozone’s sovereign debt issues were more troubling than the “medium and long-term” problems which saw the United States downgraded by Standard and Poor’s last week, sending global markets into panic.



Published in The Express Tribune, August 14^th, 2011.