Opinion (Robert Zoellick, president of the World Bank): “The head of the World Bank warned Sunday that many key market players have lost confidence in recent weeks, pushing the fragile global economy into a ‘new danger zone.’
“Robert Zoellick said events the past few weeks in Europe and the United States already have had an adverse impact, and could signal even bigger problems ahead.
“‘There was a convergence of some events in Europe and the United States that has led many market participants to lose confidence in the economic leadership of some of the key countries,’ Zoellick said.
“‘I think that those events combined with some of the other fragilities in the nature of the recovery has pushed us into a new danger zone,’ Zoellick said. ‘And I don’t say those words lightly.'”
My Comment: This problem can be solved neither by financiers nor by politicians, but only by a gradual transition to an integral society. In such a society, any changes will work if all social problems are solved together, like in one family.
European Banks: The Mistrust Grows In Expectation Of The New Wave Of Crisis
Global Economy: Is Anybody In Control?
Nobel Laureates, Economists Predict The U.S. And Europe Long-Term Crisis