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Some upbeat growth statistics from the euro zone are no reason for government to shirk their responsibilities to cut budget deficits, according to the European Commission on Friday. Speaking before an audience in Brussels this morning, EC spokesperson Amadeu Altafaj said that the European economic recovery remains fragile, and that governments must continue their debt-reduction measures. He added that any expectation of a pickup in European growth is not sufficient to bring back more spending. The news is not having an impact on the euro.<?xml:namespace prefix = o />
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