European Central Bank Governing Council member Christian Noyer on Monday urged EU nations to press ahead with deficit cuts to restore investors' confidence."Deficits, far from protecting growth, threaten and compromise it because they undermine growth," the governor of the Bank of France said in a speech.Noyer said monetary and financial conditions in the euro zone remain "very favourable" to growth but he acknowledged that European nations were experiencing different economic conditions. In France, the return to growth remained "very fragile," he said.News posted by www.newsinfoline.com
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