Greek central bank warns on public debt

Nicholas Garganas, Governor of the Bank of Greece, has called for a strict adherence to the stability and growth pact. Garganas told Parliament that uncontrolled deficits will have serious consequences on interest rates which will affect small countries like Greece more than larger ones and will also affect the euro.

Source: Kathimerini

Presenting the central bank's interim report on the economy, Bank of Greece Governor Nicholas Garganas yesterday issued a stern warning over the public debt's h

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