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In particular, they worry that consumers and companies remain excessively indebted, and that deleveraging will quickly stamp out any recovery.Their usual template is Japan.
Cameron's made his call for a looser union after the German chancellor, Angela Merkel, used a speech to say that she wanted substantial treaty change to strengthen the EU and give the European commission the chance to impose fiscal discipline on excessively indebted states in the single currency area.
The crisis in the eurozone gives Britain the chance to refashion the EU as a looser union, David Cameron said on Monday, after Angela Merkel, the German chancellor, said that she wanted substantial treaty change to strengthen it and give the European commission the chance to impose fiscal discipline on excessively indebted states in the single currency area.
Similar(57)
"So not excessively excessive.
Some are heavily indebted, too.
Sleeping excessively.
Everyone excessively tidy, excessively generous.
Drink excessively?
We're indebted to him.
"You're not indebted," he says.
Indebted sharecroppers faced limited options.
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