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Summers says Europe situation more grave than U.S.

Summers says Europe situation more grave than U.S.

Central Banks
Ed Thomas
08/11/2012 | 23:38 GMT
  • Declines to comment on who next Fed chief should be.
  • Obama has a strong mandate for higher taxes on wealthy.
  • Says payroll tax cut should be kept to aid recovery.

Surprising comments from Mr. Summers.

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