The World Bank called for national governments to seek long-term debt curbs today to solve the current sovereign debt crises in Europe and the United States, but said it was too early for special action by the Group of 20 nations.
World Bank President Robert Zoellick also said it was time to push a free trade agenda, warning against rising protectionism as nations seek to solve their debt crisis.
"This is really at a stage where you still have sovereign governments having to make decisions in Europe," Zoellick told reporters in the Australian capital Canberra on Tuesday.
For more: World Bank chief: Governments should deal with global debt woes - South Florida Sun-Sentinel.com
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