Bloomberg News

Asmussen Says Italy, Spain Commitments Need Full Implementation

October 27, 2011

Oct. 27 (Bloomberg) -- German Deputy Finance Minister Joerg Asmussen said commitments pledged by Italy and Spain to help tame the euro-region’s debt woes must be fully implemented.

Speaking at an event today in Berlin, Asmussen said all the decisions on the debt crisis made at a European leaders’ summit yesterday must be put into action.

While the main tasks ahead lie in the over-indebted coutries, the summit made key decisions toward creating a “stability union” embracing the whole euro-region, he said.

To contact the editor responsible for this story: Brian Parkin at

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