The Greek debt crisis has only limited effects on financial stability in the rest of the euro zone, increasing the freedom of the European Central Bank and European Union to act, ECB governing council member Ewald Nowotny said on Wednesday. There is no danger of contagion," Nowotny told journalists at an event at Austria's central bank, of which he is also governor. Nowotny said Europe was now better prepared to deal with the fallout of the crisis.
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