ECB officials urge bold steps to avoid debt crises

10/15/2010 | Wall Street Journal, The

Leading officials from the European Central Bank are urging politicians to make bold moves as they develop rules to keep the euro zone from suffering repeats of the sovereign-debt crisis. The ECB officials' calls come as a European Council task force works on recommendations for euro-zone governance rules aimed at preventing debt crises. However, fissures within the ECB as well as the EU remain on how to deal with the issue.

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Wall Street Journal, The

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