Europe debt crisis shows world troubles ’far from over’

Europe debt crisis shows world troubles ’far from over’
# 31 May 2010 08:00 (UTC +04:00)
Baku – APA-Economics. The sovereign debt crisis in Europe shows that the world’s economic woes are "far from over" and highlights the need for reforms, the vice chairman of the World Economic Forum said on Sunday, AFP reported.

"What we... see as we gather in the growing storm of a European sovereign debt crisis is that the (global) crisis is far from over, that it is in many ways rekindled in a dangerous new contagion," Mark Malloch-Brown said.

The need to get the right international financial reforms in place remains as pressing as ever," Malloch-Brown said at the opening session of a two-day World Economic Forum Global Redesign Summit in Doha.
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