Swiss finance minister chides US, Europe over 'time bomb' debt levels

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Swiss finance minister chides US, Europe over 'time bomb' debt levels

ZURICH - Debt levels in the United States and Europe are a risk for international financial stability and for Switzerland, Swiss Finance Minister Karin Keller-Sutter said in a newspaper interview published on Saturday.

"Or take a look at America. That's a time bomb. The mini-crash on the stock markets at the start of August was a warning shot," the minister was quoted as saying. She defended the additional capital requirements as necessary to protect Switzerland from another banking meltdown.

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