Wall Street experts weigh in on EU budget deal


Email Print Order Reprint Share: Share This Share Text tool name tool goes here By SCOTT MAYEROWITZ – AP Business Writer By SCOTT MAYEROWITZ Tags: NEW YORK — The financial world initial rejoiced Friday when word came of a deal by most European countries – including all 17 that use the euro – to allow the European Commission to oversee national budgets and impose penalties if a country’s debt grows too much. Since then questions have emerged about the willingness of each individual country to ratify the agreement, the lack of a short-term solution to high debt in Greece, Italy and Spain, and what the future monetary policy of the European Central Bank will be. The Associated Press spoke with…

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