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Nowotny: „Germany Has Key Function“
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The governor of OeNB (Austrian Central Bank) is against forced loans in Austria. Regarding Eurobonds, Germany as Europe´s biggest economy would have the key function.
Nowotny: „Germany Has Key Function“ / Picture: © Vindobona.org
Last week, the German Institute of Economic Research (DIW) suggested that wealthy individuals should be obliged to purchase sovereign bonds. Up to 10% of the individual wealth should help to bear the high public debt. Persons with assets worth more than € 250,000 should be affected. Nowotny rejects the idea of forced loans. In problem countries such as Greece, it would be a…
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