World in new economic dangerzone, warns Zoellick

THE head of the World Bank says the world has entered a new economic dangerzone and that Europe, Japan and the US all need to make hard decisions to avoid dragging down the global economy.

“Unless Europe, Japan, and the United States can also face up to responsibilities. they will drag down not only themselves but the global economy,” World Bank president Robert Zoellick said.

“They have procrastinated for too long on taking the difficult decisions, narrowing what choices are now left to a painful few.”