ECB says Trump budget plans could fuel market tensions
Donald Trump
FRANKFURT The vice president of the European Central Bank has said that Donald Trump 's spending plans risked inflating the U.S. government's budgetary deficit and spreading worries on markets. The United States already has a public debt ratio close to 100 percent of gross domestic product, and a spending deficit close to seven percent, Luis de Guindos said at a banking conference in Frankfurt. "The elected president [Trump] has promised to reduce taxes and perhaps not to cut down on public
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