Austerity Will Spur EU Growth in Medium Term

Dec. 12 (Bloomberg) -- Wolfgang Franz, head of German Chancellor Angela Merkel's council of economic advisers, talks about fiscal union in the euro zone. He speaks from Mannheim, Germany, with Maryam Nemazee on Bloomberg Television's "The Pulse." George Magnus, senior economic adviser at UBS AG, also comments in this report. (Source: Bloomberg)