ECB: Mounting debt in eurozone nations threatens entire region

04/15/2010 | Washington Post, The

If the rate of borrowing keeps up, the eurozone's overall ratio of debt to gross domestic product will hit 100% in the next few years, according to the European Central Bank. Carrying that amount of debt, all of the eurozone nations risk facing the kind of fiscal crisis that Greece is enduring, the ECB said. The central bank said one projection has the eurozone's growth declining from 2.2% next year to 1.5% in 2030.

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