Austria’s Nowotny fears delay in ratification of EFSF


Ewald Nowotny, the president of the National Bank of Austria and a member of the European Central Bank's (ECB) Governing Council, on Monday raised concerns that changes to the euro area bailout vehicle may not be ratified by October, as expected.

In an interview with Profil, an Austrian magazine, Nowotny said he was "worried" about a delay in the ratification to the changes in the European Financial Stability Facility (EFSF) and that although the ECB's current bond purchasing scheme was a

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