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ECB's Stark blasts 'vested interests' in US, UK

ECB's Stark blasts 'vested interests' in US, UK

The European Central Bank's chief economist has bluntly criticized "vested interests" in Britain and the United States for ongoing market skepticism of Greece's fiscal recovery effort.
Juergen Stark told a financial conference in Greece Wednesday that the struggling eurozone country's "debt sustainability is insured" if it fully complies with its internationally monitored austerity program.
He said restructuring Greece's massive national debt would be a "recipe for catastrophe."


Updated : 2021-07-26 10:26 GMT+08:00