Sunday, August 14, 2011

World Bank chief says the global economy is confronting a "new and more dangerous phase" as European sovereign debt bombs continue to tick.

The president of The World Bank, Robert Zoellick, is currently in Australia and will be addressing The Asia Society in Sydney this evening.

As a preview, here's what he imparted beforehand to The Weekend Australian.

It's certain to be an interesting event and an important opportunity to get beyond the market volatility and consider where the EU has a way out of this mess.

I'll be reporting Mr Zoellick's address for tomorrow's edition of AM.

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