Arab Today, arab today world bank chief warns europe risks \lehmans moment\
Last Updated : GMT 06:26:13
Arab Today, arab today
Arab Today, arab today

World Bank chief warns Europe risks \'Lehmans moment\'

Arab Today, arab today

Arab Today, arab today World Bank chief warns Europe risks \'Lehmans moment\'

London - AFP

Outgoing World Bank president Robert Zoellick warned that Europe was facing a "Lehmans moment" and the collapse of the euro currency could trigger a global crisis, in an interview out Sunday. Zoellick will warn the G20 summit that Europe risks sparking a financial meltdown that would have desperate consequences for developing countries, he told British newspaper The Observer. "Europe may be able to muddle through but the risk is rising," the 58-year-old American said. "There could be a Lehmans moment if things are not properly handled." The 2008 collapse of US financial services firm Lehman Brothers -- one of Wall Street's most prestigious firms -- after its risky bets on the US housing market soured, sparked global financial 

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Arab Today, arab today world bank chief warns europe risks \lehmans moment\ Arab Today, arab today world bank chief warns europe risks \lehmans moment\

 



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