Bloomberg News

Australia’s Swan Says World Paid ‘High Price’ For EU Inaction

October 26, 2011

Oct. 27 (Bloomberg) -- The global economy has paid a “high price” for Europe’s failure to resolve its sovereign- debt crisis and the region’s leaders need to put together a comprehensive plan that includes building a “war chest” to help rebuild confidence in markets, Australian Treasurer Wayne Swan told reporters today in the capital, Canberra.

To contact the reporter on this story: Michael Heath in Sydney at

To contact the editor responsible for this story: Brendan Murray at

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