ECB will do all it can to show euro irreversible: Asmussen

Reuters

The European Central Bank will do everything in its power to show the euro is irreversible, ECB Executive Board member Joerg Asmussen said on Monday.

In a speech at a tax advisors' conference in Hamburg, Asmussen added that the ECB saw inflation falling below 2 percent next year.

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The central bank targets inflation at just below 2 percent, but prices have been rising faster than that for almost two years.

He also said there are no "free-riders" among the 17 euro zone countries and that they all know the importance of reforms.

(Reporting by Jan Schwartz, writing by Sakari Suoninen)