Government debt in Eurozone may top 100% of GDP with “severe consequences” for growth/ stability says ECB official
Apr 15th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Government debt in the Eurozone may top 100% of GDP (gross domestic product) in the next few years, and high public-sector borrowing could have “severe consequences” for growth and stability, a member of the European Central Bank (ECB) Executive Board warned in a paper published on Wednesday.