ECB base hopes common sense will solve the debt crisis

“However, I have faith that common sense is used to reach a solution – otherwise it would lead us into a very negative development,” she says.

Later on Sunday, President Joe Biden will hold a telephone meeting with Republican Speaker Kevin McCarthy about the US debt crisis. If the country’s debt ceiling is not raised, within a couple of weeks the US treasury could be empty, which many warn could trigger a new financial crisis.

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