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“Risks to Financial Stability Remain High”

Published: December 14, 2012; 15:32 · (Vindobona)

The European sovereign debt crisis continues to impact international financial markets. Despite the stabilizing effect of monetary and financial policy measures the risks to financial stability remain at a high level, OeNB says.

“Risks to Financial Stability Remain High” / Picture: © OeNB

Neither Austria nor Central, Eastern and Southeastern Europe (CESEE) have been able to evade the deterioration in macroeconomic conditions in Europe, OeNB Governor Ewald Nowotny said at the presentation of the 24th issue of the OeNB’s Financial Stability Report.

The global economy lost considerable momentum in the…

This article includes a total of 611 words.

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