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Hamas-backed militants conduct bank robberies in Gaza, ECB raises concerns on Eurozone debt, Malaysia seeks Chinese investment, Softbank introduces 'EmotionCancelling' AI system
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- ECB warns Eurozone countries of high debt levels and urges budget deficit reduction.
- Bank robberies in Gaza contribute to cash shortage, worsen economic instability.
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European Central Bank Warns Against Rising Debt Levels in Eurozone Countries
The European Central Bank has raised concerns about the high levels of debt in Eurozone countries, attributing this to factors such as an aging population, climate change, and gaps in defense spending. Urging countries to reduce their budget deficits by an average of 5 percentage points of GDP, the ECB highlights the pressing need to address public finances in the region.
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highlights
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