Eurozone Debt Crisis: More dangerous than expected, WB
World Bank chief Robert Zoellick on Saturday warned of a new and more dangerous time in the global economy
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 14th, 2011.
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 14th, 2011.