Denmark’s Bernstein cites fiscal, Basel III worries
While Denmark's fiscal challenges are not as severe as those in some eurozone countries, they must be addressed in time, Nils Bernstein, the governor of the National Bank of Denmark, said on 6 December.
Addressing the annual meeting of the Danish Bankers' Association, Bernstein said: "If we in Denmark are to avoid government debt growing to unmanageable proportions in the long term, we will need to increase taxes, adding to the already heavy tax burden, and put a much tighter rein on public
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