Mr. Glenn Stevens the governor of the Reserve Bank of Australia said today the world's largest economies including the U.S, U.K and Europe are facing difficult fiscal decisions to overcome debt problems in coming years. Stevens signaled significant discretionary tightening will be needed.






![Introducing Skywhale: Canberra, Australia’s Controversial $300K Centenary Balloon [PHOTOS] Introducing Skywhale: Canberra, Australia’s Controversial $300K Centenary Balloon [PHOTOS]](http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/v2_medium/public/2013/05/14/skywhale.jpeg)
![Meet Ahmed Angel: The Greatest Internet Superstar. Ever. [PHOTOS] Meet Ahmed Angel: The Greatest Internet Superstar. Ever. [PHOTOS]](http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/v2_medium/public/2013/05/14/ahmed-angel.jpg)


![Airbus Shows Off The First A350 XWB, The Boeing 787's Rival [PHOTOS] Airbus Shows Off The First A350 XWB, The Boeing 787's Rival [PHOTOS]](http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/v2_multimedia/public/2013/05/13/a350.jpg)

![Lisalla Montenegro: Meet Angels Pitcher C.J. Wilson’s New Supermodel Fiancé [PHOTOS] Lisalla Montenegro: Meet Angels Pitcher C.J. Wilson’s New Supermodel Fiancé [PHOTOS]](http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/v2_medium/public/2013/05/10/lisalla-montenegro_3.jpg)














Like or Follow us for updates on the biggest stories!