ECB report advocates 'financial recievership' for states

The European Central Bank has warned in a newly-published study that the eurozone debt crisis and persistent overspending by member states could jeopardise the ultimate success of the single currency.

ECB report advocates 'financial recievership' for states

The European Central Bank has warned in a newly-published study that the eurozone debt crisis and persistent overspending by member states could jeopardise the ultimate success of the single currency.

The study was co-authored by the ECB's outgoing chief economist Juergen Stark.

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