ECB’s Nowotny Says Governments May Face Threat of ‘Debt Spiral’

Posted on March 14, 2010 by

March 14 — 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.

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ECB’s Nowotny Says Governments May Face Threat of ‘Debt Spiral’