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High Debt Is a Problem for Euro, Says Debt-Averse Czech Republic

Euro-zone countries’ public debt piles are threatening to handcuff policy makers in the bloc as they brace for an economic slowdown, according to the head of the Czech central bank.

Governor Jiri Rusnok, whose country is obliged to join the single currency along with most other European Union states that aren’t currently members, said debt levels that have risen since the global financial crisis had left governments with "limited" room to juice growth via fiscal stimulus.