Tags: World | Bank | G20 | Confidence

World Bank Chief Zoellick: G-20 Must Send Signal to Boost Confidence

Tuesday, 01 Nov 2011 10:46 AM

A G-20 summit this week in France should send a "strong signal" that Europe will follow through on plans to overcome its sovereign debt crisis, World Bank President Robert Zoellick said on Tuesday.

Speaking to reporters ahead of the G-20 leaders' meeting in Cannes, France, Zoellick said Greece's call for a referendum on a new Greek bailout plan adds to market uncertainty and if it failed "it would be a mess."

"The euro zone deal has bought some time and the challenge is how to use the time," said Zoellick. "It would be very useful if the G-20 leaders can send a strong signal on follow through after the euro zone announcement so as to sustain and build confidence," he said.

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A G-20 summit this week in France should send a strong signal that Europe will follow through on plans to overcome its sovereign debt crisis, World Bank President Robert Zoellick said on Tuesday. Speaking to reporters ahead of the G-20 leaders' meeting in Cannes, France,...
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2011-46-01
Tuesday, 01 Nov 2011 10:46 AM
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