Developed economies must cut debt-SNB's Hildebrand
Developed economies must cut public debt to meet the challenges of ageing populations, Swiss National Bank Vice-Chairman Philipp Hildebrand said on Wednesday. In the text of his speech about the Swiss-born 19th century U.S.
By Agencies |
GENEVA: Developed economies must cut public debt to meet the challenges of ageing populations, Swiss National Bank Vice-Chairman Philipp Hildebrand said on Wednesday. In the text of his speech about the Swiss-born 19th century U.S.
Secretary to the Treasury, Albert Gallatin, Hildebrand made no mention of current monetary policy or the outlook for the economy and inflation. "Given .... longer-term fiscal strains, we should be building up a fiscal cushion rather than becoming more indebted," Hildebrand said at an event of the Swiss-American Chamber of Commerce in Geneva.
Secretary to the Treasury, Albert Gallatin, Hildebrand made no mention of current monetary policy or the outlook for the economy and inflation. "Given .... longer-term fiscal strains, we should be building up a fiscal cushion rather than becoming more indebted," Hildebrand said at an event of the Swiss-American Chamber of Commerce in Geneva.
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