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Saturday, August 13, 2011

More dangerous things to happen to Economy - World Bank


World Bank chief Robert Zoellick warned of a "new and more dangerous" time in the global economy on Saturday, with little breathing space in most developed countries as a debt crisis hits Europe.

Zoellick said 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.

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