Global Economy in Danger Zone: World Bank

'"Unless Europe, Japan, and the United States can also face up to responsibilities they will drag down not only themselves but the global economy," Robert Zoellick said in a speech at George Washington University.

"They have procrastinated for too long on taking the difficult decisions, narrowing what choices are now left to a painful few," AFP quoted him as saying. His remarks come shortly after Moody's ratings agency downgraded two French banks ratings, Societe Generale and Credit Agricole.'

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