Asmussen offers ECB's take on Irish path to recovery

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Jörg Asmussen, a member of the executive board at the European Central Bank (ECB), today (April 12) applauded Ireland for the work done so far in rebuilding the country's economy, but cautioned against complacency.

Speaking at the Institute of International and European Affairs in Dublin, Asmussen said Ireland was "one among several countries with more severe adjustment needs", in the areas of fiscal consolidation and growth-enhancing structural reforms.

He said Ireland had woken to a "painful

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