Dombrovskis Sees No New EU Debt Crisis
Valdis Dombrovskis states there are no signs of a new euro zone debt crisis. However, he urges governments to maintain prudent fiscal policies as borrowing costs rise.
European Economic Commissioner Valdis Dombrovskis said borrowing costs are rising across the euro zone, but there are no signs of a new sovereign debt crisis. The assessment comes during the IMF meetings in Bangkok amid mounting pressure on government finances. Policymakers face growing pressure to ensure fiscal stability as debt and deficit concerns weigh heavily on bond markets.
