Fears of widespread contagion are rising: RBA’s Lowe

philip-lowe

Philip Lowe, an assistant governor at the Reserve Bank of Australia, on Wednesday said policy-makers in Europe faced difficult choices as they attempt to tackle the dual problem of growing public debts and a weak banking sector.

At the Australian Farm Institute Agriculture Roundtable Conference 2011 in Melbourne, Australia, Lowe said: "Financial markets remain captivated by the unfolding events in Europe. The authorities there are dealing with a very difficult combination of excess government

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