The European Central Bank doesn’t need to raise borrowing costs several times quickly, Governing Council member Martins Kazaks told Econostream Media.
Martins Kazaks, governor of Latvia's central bank, during a Bloomberg Television interview at The Riga Conference on "Unity, Security and Resilience in a Fragmented World" in Riga, Latvia, on Friday, Oct. 10, 2025. The European Union should pool its resources on defense spending and consider a common budget financed by jointly-issued debt, according to European Central Bank Governing Council member Kazaks. Photographer: Andrey Rudakov/Bloomberg
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