News Headline Summary

ECB's Asmussen says Euro is irreversible, will do what it takes within our mandate

- Concern that government bond purchases will fuel inflation is unfounded, inflation expectations are solidly anchored.
- Claims that certain countries can only regain competitiveness by leaving the Euro and devaluing their currency are wrong.
- Expects new European Banking supervisory body to fully operate from 2014.
- Basel III should be implemented start of 2013 as planned.

Print 17:45, 29 Nov 2012 - ECB - Source: Newswires