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Europe faces decade of stagnation: head of Bank of Canada
Governor of Bank of Canada Mark Carney
Governor of Bank of Canada has warned Europe that it faces a “decade of stagnation” if it does not apply sustained and significant reforms to put its fiscal house in order.
Mark Carney issued the warning on Tuesday while making a speech to the Montreal board of trade.
“Europe remains in recession, with economic activity constrained by fiscal austerity,...
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