 Reuters |
ECB's Nowotny Says Governments May Face Threat of 'Debt Spiral'
BusinessWeek March 14 (Bloomberg) — European Central Bank council member Ewald Nowotny said that some euro-region governments may face a “debt spiral” if they don't starting cutting their budget deficits next year. “The economic situation is still … Greece Must Work on Issues Before Help: ECB Member ECB Nowotny:Euro Zone Budget Consolidations Should Start Soon ECB Nowotny: Greece Must Tighten Budget Or External Help Unthinkable |
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