Chapter News

Commissioner Rehn on Economic Outlook and Governance in the Euro Area

EU Economic and Monetary Affairs Commissioner Olli Rehn in his address to the European Parliament today stressed “The best way to foster growth at the current juncture is to vigorously implement structural reforms, including the Single Market, which will enhance the medium to long-run growth potential, but will also have positive short-run confidence effects.

And to address remaining risks to financial stability, it will be essential to swiftly implement the 21 July euro area summit decisions and adopt the pending governance package. The ‘six-pack’ is not only important in its own right, but it is a necessary foundation for any more ambitious pooling of fiscal sovereignty.”

Commissioner Rehn also addressed the possibility of introducing eurobonds in the euro area.