ECB’s Nowotny says expects no Cyprus contagion risk

European Central Bank policymaker Ewald Nowotny does not expect euro zone member Cyprus’s economic woes to spread, he told a newspaper. He said Cyprus was a “special case” due to its outsized financial sector fuelled by foreign investors, in an interview with Austrian paper Oesterreich conducted …

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ECB’s Nowotny says expects no Cyprus contagion risk – paper

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