Jose Manuel Barroso

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Greek Prime Minister Antonis Samaras has cut government spending (photo:dpa)

Why Europe wants to maintain low interest rates

Low rates of interest have been one of the keys to heavily-indebted European countries avoiding a default. Major economic upheaval has also required sharp tax rises and bailout programmes from the European Union. But while economies are beginning to grow again the increases are so small they inspire little confidence. <...
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