Olli Rehn, Vice President of the European Commission and Commissioner for Economic and Monetary Affairs and the Euro, made a stop-over at the German House to brief representatives of New York’s U.N., diplomatic and consular community on latest developments with regard to Europe’s common currency. His conclusion: markets have to understand there are no quick fixes, but with the current correction of macroeconomic imbalances well on track, a genuine “Economic and Monetary Union 2.0” will pave Europe’s way into the future.
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16
Aug