World Bank warns that euro collapse could spark global crisis

The outgoing head of the World Bank, Robert Zoellick, will warn the G20 summit that Europe runs the risk of sparking a Lehman-style global crisis that will have dire consequences for developing nations.

Europe reforms 'hard' without growth, says Robert Zoellick

WASHINGTON: World Bank president Robert Zoellick said Tuesday that Europe would struggle to achieve needed economic reforms without growth to support them.