FX Loans Seen Hurting System

27 Sep 2010

Foreign-currency loans could have a negative impact on the entire European financial system, according to Ewald Nowotny, a member of the European Central Bank’s governing council.

Foreign-currency loans could have a negative impact on the entire European financial system, according to Ewald Nowotny, a member of the European Central Bank’s governing council. Speaking at a conference in Vienna, Nowotny said the newly created European Systemic Risk Board, of which he will be a member, ...

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