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By Donald Lambro
Growth spikes are little more than trend-free anomalies
Independent voices from the The Washington Times Communities
Topic - Werner Faymann
Hey, include Gary Johnson in the presidential debates and let America have access to a third party, say his allies. Or else.
The sense of panic over the fate of the euro and the 17-country currency union's weakest members has eased on financial markets, for the moment. But pressure on European leaders to get a grip on the Continent's debt crisis has never been higher.
France and Germany pushed other eurozone countries to sign up for tough measures to limit debt loads, make their economies more productive and stamp out the government debt crisis that has crippled their currency union over the past year.
"A cut in the debt is the right step," Mr. Faymann told the Austrian newspaper Wiener Kurier.
Austrian Chancellor Werner Faymann said the cut in the value of Greek government bonds likely will be raised "in the direction of 40 to 50 percent."