ECB’s Asmussen forecasts decade of adjustment in Europe

In proper European terms we’d better double that.

  • Sees no crisis of the euro
  • Spain making considerable progress
  • Shouldn’t weaken stability pact
  • Shouldn’t subtract state investment from deficit

Jorg Asmussen is speaking in Germany and answering reports on the ECB softening of debt rules

  • ECB doing what’s right for price stability
  • Low interest rates can lead to new risks if they stay low too long

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