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ECB's Guindos Warns of Dangers Posed by High Government Debt.

ECB's Guindos Warns of Dangers Posed by High Government Debt.

Authors :
Schroers, Mark
Randow, Jana
Source :
Bloomberg.com; 11/18/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

European Central Bank Vice President Luis de Guindos cautioned about the risks associated with high levels of government debt, which could hinder long-term economic progress and limit governments' ability to address key challenges like climate change and digitalization. Guindos highlighted the potential consequences of growing primary budget deficits on sovereign risk and the economy's ability to withstand adverse shocks. The ECB is gearing up for its upcoming monetary-policy meeting, with expectations of a rate reduction and ongoing discussions about the future path of monetary policy. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
180952097