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6/21/09

BBC NEWS: Europe bank chief warns on debt

For the complete report from the BBC NEWS click on this link

Europe bank chief warns on debt

Governments that have borrowed heavily to fight the economic crisis should not accumulate any more debt, the president of the European Central Bank has said. Jean-Claude Trichet said existing stimulus packages were "sufficient". "There is a moment where you cannot spend more and accumulate more debts. We are at that moment," he said.

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