Rehn Sees Markets Misreading EU Resolve
EU's Economic and Monetary Affairs Commissioner Olli Rehn
Jin Lee/Bloomberg
European Union's economic and monetary affairs commissioner Olli Rehn.
European Union's economic and monetary affairs commissioner Olli Rehn. Photographer: Jin Lee/Bloomberg
June 16 (Bloomberg) -- European Union Economic and Monetary Affairs Commissioner Olli Rehn talks with Bloomberg's James Neuger in Brussels about the outlook for a rescue package for Greece. Rehn also discusses Spain's efforts in cutting its budget deficit. (Source: Bloomberg)
European Union Economic and Monetary Affairs Commissioner Olli Rehn said financial markets have made “certain misreadings” on EU leaders’ intentions in the Greek debt crisis.
“There is a certain misreading of the intentions and future actions of the European leaders,” Rehn said today in a Bloomberg Television interview in Brussels. “We will not let the euro area face any kind of catastrophe.”
“We have always been concerned of contagion,” Rehn said. “One of the achievements over the past one-and-a-half years has been that we have been able to prevent a financial meltdown in Europe. We have been able to avoid a Lehman Brothers kind of catastrophe on the European soil. And moreover, we have been able to contain the crisis to the three countries now under the program,” he said.
To contact the reporter on this story: Jonathan Stearns in Brussels at jstearns2@bloomberg.net
To contact the editor responsible for this story: Jones Hayden at jhayden1@bloomberg.net
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