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World Bank president calls for European governments to restore economic confidence with reform

CANBERRA, Australia — European governments need to restructure their economies to restore the confidence of financial markets as the global economy moves into a new danger zone, World Bank President Robert Zoellick said Tuesday.

Zoellick, a former U.S. trade negotiator under President George W. Bush, said the debt crisis in Europe and the political quarrel in Washington over the U.S. government debt limit had “unleashed a wave of worry and uncertainty about the global economy” that created steep falls on share markets.

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