ECB's Coeure says central banks cannot replace government inaction
CAMBRIDGE, Mass (Reuters) - Governments are in a key role in solving the sovereign debt crisis, and central banks can buy time, not replace their actions, European Central Bank Executive Board member Benoit Coeure said on Saturday. The euro zone debt crisis has wreaked havoc in the peripheral countries for three years, and the austerity-weary population is increasingly demanding an end to budget-balancing measures, seen as worsening the crisis. ...
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ECB's Coeure says central banks cannot replace government inaction,
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