Sunday, April 25, 2010

OLI REHN WARNS RICH E.U.COUNTRIES

"Looking ahead beyond the near-term, the robustness of the economic recovery in the EU is yet to be tested," Rehn said, adding that concerns about public debt sustainability in some countries could have a "stronger adverse impact on economic growth than currently assumed."

Rehn said on Friday that a rescue package for debt-stricken Greece should be ready by early May. Greece's debt troubles have served as a reminder that much of the rich world is carrying unsustainable debt burdens..''
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