May 27, 2010 / 7:05 AM / in 9 years

Fed's Bullard says Europe bought time with debt moves

STOCKHOLM, May 27 (Reuters) - Europe’s response to debt problems in the region has “bought time” for governments, St. Louis Federal Reserve President James Bullard said on Thursday.

“I think we did buy time,” Bullard told a seminar in Stockholm. “If there is some kind of restructuring out there in the future, it will be down the road, probably several years at this point.”

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