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Looming Economic 'Ice Age': RBS Morgans Advisor

Monday, 3 Oct 2011 | 4:00 AM ET

"Asia has been the growth engine over the last few years, but Asia borrows a lot of money from the European banks; it is around 50 percent from them. So if the European banks stop lending to the Asian economies, then you are going to have a synchronized slow-down," Simon Bond, private client advisor at RBS Morgans, told CNBC.