Are Governments on Borrowed Time to Strengthen Economies?
European Central Bank stimulus has given politicians time to strengthen their economies, and they must use it immediately, Governing Council member Ilmars Rimsevics said. “We are buying time for politicians to do structural reforms and unfortunately this time, it may be running out,’’ Rimsevics, who heads Latvia’s central bank, said in a Bloomberg TV interview with Francine Lacqua on Oct. 8 in Washington.
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