Italy World Economy

September 7, 2012 - 6:38 PM
US Senator John McCain answers reporters' questions during a meeting on World Economy in Cernobbio, Italy, Friday, Sept. 7, 2012. Experts and leaders gathered in Italy may disagree about the cure, but the malady is clear: the world faces a 'perfect storm' of gathering risks that includes prolonged crisis in a structurally flawed Europe, political dysfunction pushing America off a 'fiscal cliff,' a emerging economies slowdown drying up the last engine of global growth, and the spectacularly destabilizing prospect of war over Iran's nuclear program. (AP Photo/Giuseppe Aresu)