U.S. has "enormous" debt problem: ECB's Stark

A debt crisis is still gripping the developed world, European Central Bank policymaker Juergen Stark said, adding there was no alternative but for countries to take painful steps to consolidate their public finances

Inquiring minds are reading several recent articles on the EU Observer. ECB Considers Alternatives to Bond-Buy Program Please consider ECB mulling alternatives to bond-buy plan The European Central Bank is exploring alternatives to its controversial bond-purchase programme but has yet to decide on any replacement policy tool, ECB Governing Council member Ewald Nowotny told a German website in comments published on Tuesday.

FRANKFURT (Reuters) - European Central Bank policymaker Juergen Stark dismissed the idea of common euro zone bonds being a solution to the currency bloc's debt crisis and said leaving interest rates too low for too long was risky.

Reuters - European Central Bank policymaker Juergen Stark dismissed the idea of common euro zone bonds being a solution to the currency bloc's debt crisis and said leaving interest rates too low for too long was risky.

FRANKFURT (Reuters) - By resigning in protest at the European Central Bank's bond-buying programme, heavyweight policymaker Juergen Stark has increased the pressure on incoming ECB president Mario Draghi to use the plan sparingly.

Reuters - The broadening euro zone recovery means the need for economic or monetary stimulus is fading, European Central Bank policymaker Juergen Stark said on Wednesday, adding there needs to be a realization that a euro zone bail out is forbidden.

ATHENS (Reuters) - The broadening euro zone recovery means the need for economic or monetary stimulus is fading, European Central Bank policymaker Juergen Stark said on Wednesday, adding there needs to be a realization that a euro zone bail out is forbidden.