The European Central Bank sometimes requires countries to agree to trim their budgets and cut their debt in return for its loans.

Name: The European Central Bank sometimes requires countries to agree to trim their budgets and cut their debt in return for its loans.
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Question

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This is true. The European Central Bank often ties conditions to its loans, such as requiring countries to implement austerity measures in order to reduce their budget deficits and debt levels.

The European Central Bank Sometimes Requires Countries to Agree to Trim