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Andrew Bailey: Stock markets could crash if debt levels spiral
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The President of the Financial Stability Council, Andrew Bailey, told members of the G20 in a letter that high risks make maintaining multilateral cooperation crucial.
·Brazil
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Andrew Bailey: Stock markets could crash if debt levels spiral
Bank of England Governor Andrew Bailey has warned that stock markets could suffer a “disorderly adjustment” due to spiralling debt levels and other vulnerabilities. Ahead of a seminal week in Washington DC where global financial leaders are set to discuss the future of multilateralism, Bailey said bullish markets and spiralling sovereign debt levels had left the wider system in peril. Bailey, who chairs the Financial Stability Board (FSB), cal…
·London, United Kingdom
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