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Commissioner Rehn Discusses EU’s Economic Governance Reform

Speaking today at the Council on Foreign Relations in New York City, EU Economic and Monetary Affairs Commissioner Olli Rehn said: “In Europe we have been forced to take unprecedented and, I dare say, decisive action to contain the crisis and protect the ongoing recovery. It has been a comprehensive policy response combining both short-term firefighting measures and long-term construction of new architecture.”

Commissioner Rehn explained that the EU is undertaking a fundamental reform of its economic governance and noted that “June is a critical month in overcoming the crisis. This calls for bold decisions on completing the financial repair, reinforcing economic governance and keeping Greece on the reform track. We may not be fully in the endgame yet, but we can make the coming weeks the beginning of the end of the crisis.”