Stakes are high as World Economic Forum meeting begins

Bankers, officials and other interested parties from around the world are converging on Davos, Switzerland, for the World Economic Forum's annual meeting. With Europe's sovereign-debt crisis ongoing, the stakes are high. "We're fighting the last war. The sovereign-debt crisis is undermining the global banking system," said Tobias Levkovich, chief U.S. equity strategist at Citigroup. "We need to take the dire scenario off the table and get a credible path to a resolution." CNBC (1/23), Financial Times (tiered subscription model)(1/23), BBC (1/23)