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World Bank’s Zoellick predicts currency ‘tensions,’ not ‘war’

Posted on 05 October 2010

From Bloomberg: World Bank President Robert Zoellick said he sees tensions arising from currency devaluations as nations seek to buoy their economies, though he doesn’t expect them to turn into “wars.”
“I don’t foresee that we’re moving into an era of currency wars but there’s clearly going to be tensions, particularly if you have countries that have trade or current-account surpluses that are intervening to keep their currencies at lower rates,” Zoellick said on a conference call with journalists today……………………………………….Full Article: Source

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