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

HAMBURG ( Germany): 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 per cent next year.

The central bank targets inflation at just below 2 per cent, 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.