ECB's Nowotny cautiously optimistic about 2013

Published December 28, 2012

| Reuters

Measures taken this year to address the economic crisis in the euro zone allow for cautious optimism regarding 2013, European Central Bank policymaker Ewald Nowotny said on Friday.

Nowotny welcomed the launch of a permanent rescue fund for struggling euro zone countries, of a framework for common bank supervision by the ECB, and a deal to continue supplying aid to Greece.

"Altogether these are important measures that allow for cautious optimism for a way out of the crisis in 2013," Nowotny said in a statement.

(Reporting by Georgina Prodhan; Editing by John Stonestreet)

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