Europe's problem is our problem

World leaders are meeting in Hainan this week to discuss sustainable development and what was the hottest topic at one of the most packed sessions Europe's sovereign debt woes.

I think Europe and the US are getting a wake-up call, said William Rhodes, a senior advisor at Citi. Getting these countries back to being competitive is key. And if we don't we are in for a long problem.

The irony was not lost on the 2,000 delegates in attendance at the Boao Forum Forum for Asia yesterday. The annual conference was launched in 2001 to bring together international and Asian political leaders, businessmen and academic...