BERLIN: European Central Bank board member Joerg Asmussen said on Sunday the euro zone is in better shape than a year ago thanks to positive budget consolidation efforts in individual countries, the European Union's fiscal pact and ECB actions.
Speaking on German network ARD, Asmussen said the euro zone was in better shape now than a year ago despite the weak growth in the fourth quarter of 2012. He cited in particular Italy prime minister Mario Monti's budget consolidation efforts.
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