No ‘Silver Bullet’ to Resolve Europe Crisis, Zoellick Says

World Bank President Robert Zoellick said there is no “silver bullet” to resolve Europe’s sovereign-debt crisis and every country has a common interest in seeing the region succeed as they debate chipping in more cash to bailout funds.

“The real big issue going forward here will be the success of Spain and Italy,” he said in a Bloomberg television interview in Singapore yesterday. “The good news is we’ve got some very reformist governments in both countries. They are not only undertaking fiscal discipline but they have started undertaking structural reforms.”