Wednesday 22 November 2017

Debt crisis is going to the ‘core of the eurozone’: Ollie Rehn

EU economic commissioner Ollie Rehn. Photo: Getty Images
EU economic commissioner Ollie Rehn. Photo: Getty Images

OLLIE Rehn , the EU’s Economic Affairs Commissioner, has said that Europe's sovereign debt crisis is hitting the core of the Euro zone, and there should be "no illusions" about this.

Mr Rehn – speaking at a Brussels seminar this morning - that Europe's economic standstill was "bound to slow down" improvements in public finances.



He said that implementing EU single market reforms would increase EU GDP by over 3% by 2020.



He also said that Europe must push for measures that enhance growth and have a confidence-building impact in the short term.



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