Monday, August 15, 2011

World Bank's Chief issues dire warning.

The best report of the speech of World Bank President, Robert Zoellick, and his comments thereafter to the press in Sydney,  I have found this morning, are in yesterday's San Francisco Chronicle's, SFGate, linked here.

A clearer warning than that in the following quote, can hardly be imagined, as the Western world enters these crucial weeks, with leaders everywhere giving the impression of complete cluelessness and any ability to act, that they may once have possessed, having completely disappeared:

"I think we are entering a new danger zone," Zoellick told reporters last night after addressing the Asia Society in Sydney. "I think that confidence in economic leadership has been slipping and it will be important that the primary economic actors take steps both short and long term to restore that.



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