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- Swiss Finance Minister Karin Keller-Sutter labeled U.S. and EU debt levels as a "time bomb," highlighting the risks to international financial stability and Switzerland.
- Keller-Sutter praised Switzerland's disciplined financial management but expressed concern over the economic instability posed by heavily indebted nations.
- The minister also defended new capital requirements for UBS to safeguard against another banking crisis.
Swiss Finance Minister Warns of U.S. and EU Debt as a Global Financial "Time Bomb"
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