 "'World is close to another Lehman-type moment'")
Johanesburg:The global economy is in a danger zone from which it will be hard to escape and South Africa would do well to cushion itself by reducing its dependence on European export markets, Reserve Bank Governor Gill Marcus said in an article published on Wednesday.
“The response of the markets to the glaring lack of global leadership and political will to deal with the crisis in a coherent way is indicative of how perilously close we are to another “Lehman-type” moment, but without the ammunition of 2008,” Marcus said in the article in the Financial Mail magazine.
STORY CONTINUES BELOW THIS AD
Reuters
End of Article
 "Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty")
 "Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched")
 "Who is CP Radhakrishnan, India's next vice-president?")
 "Israel informed US ahead of strikes on Hamas leaders in Doha, says White House")
 "Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty")
 "Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched")
 "Who is CP Radhakrishnan, India's next vice-president?")
 "Israel informed US ahead of strikes on Hamas leaders in Doha, says White House")
