WARSAW--The worst has passed for the euro zone but member states shouldn't become complacent, the president of the European Council, Hermann Van Rompuy, said Wednesday in Warsaw.
Mr. Van Rompuy added that the euro zone is no longer in existential threat mode, but time is needed for financial stability to translate into growth and lower unemployment.
"We should not become complacent--neither in member states nor at the level of the European Union and the euro zone," Mr. Van Rompuy said. "There is no way back. For any of the countries of the euro zone."
The comments come days after a stalemate election result in Italy rekindled market worries about a reawakening of the euro zone's debt crisis and months of uncertainty ahead.
The European Commission recently cut its gross domestic product forecast for the single-currency bloc to a contraction of 0.3% for 2013, from its earlier expectation of 0.1% growth.
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