The head of the World Bank, Robert Zoellick, is about to
step down after a 5-year term.That means he can say what he really thinks. Here, thanks to the Daily Mail, is what he really
thinks about what's going on in Europe and the global financial markets:
“Financial markets face a rerun of the Great Panic of 2008.
It's ‘far from clear that eurozone leaders have steeled themselves’
for the looming catastrophe amid fears
of a Greek exit from the single currency and meltdown in Spain.
‘Events in Greece could trigger financial fright in Spain,
Italy and across the eurozone. The summer of 2012 offers an eerie echo of
2008.... ‘If Greece leaves the eurozone, the contagion is impossible to
predict, just as Lehman had unexpected consequences.’
There will not be time for meetings of finance ministers to
discuss the outlook and debate the politics.... 'In panicked markets, investors
flee to safe assets, sparking other flames.’
Makes you feel like a stark raving optimist doesn't it? Read more: http://www.businessinsider.com/world-bank-boss-impending-catastrophe-a-rerun-of-great-panic-of-2008-2012-6...and
have a really good day.
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