Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

ECB's Nowotny Sees Risk for Debt Crisis in Greek Election

Don't Miss Out —
Follow us on:

April 14 (Bloomberg) -- European Central Bank Governing Council member Ewald Nowotny said that he sees risk for the European debt crisis in the Greek elections, according to an interview with Vorarlberger Nachrichten.

“I see risks in the political area,” Nowotny, who also heads Austria’s central bank, told the paper. “Elections are due in early May and I’m not sure that there will be a majority that continues the current economic program.”

Italy and Spain have carried out reforms and now have to be given time, Nowotny also said, adding that the situation in Portugal and Ireland has improved. “The biggest risk is Greece,” he told the paper.

Nowotny also said that he sees the announced review of 110 European banks by Moody’s Investors Service as potentially “unsettling” Europe, according to the report.

To contact the editor responsible for this story: Zoe Schneeweiss at zschneeweiss@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.