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