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The Eurozone economy has broadly stabilized after the crisis, but the situation remains fragile and outlook is uncertain, chairman of the euro group of nations, Jean-Claude Juncker reportedly said Tuesday.
He told members of the European parliament in Brussels that it can now express moderate optimism with regard to the economy's performance in the second half of the year. At the same time, Juncker warned that the growth potential of the euro area is likely to deteriorate seriously.
Moreover, he stated that Eurozone countries should begin gradual withdrawal of fiscal stimulus measures in 2011.
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