EU is serious about defending euro area-Rehn

ZAGREB, May 15 (BestGrowthStock) – It is important markets see the
European Union is serious about defending the euro area, and
there has been stabilisation in markets this week, EU Economic
and Monetary Affairs Commissioner Olli Rehn said on Saturday.

“It is important that markets read our package and see that
we are serious about our defence of the euro area,” Rehn told an
annual meeting of the European Bank for Reconstruction and
Development in Croatia’s capital.

“It is important to note that there has been a certain
stabilisation of markets this week. If you look at spreads of
sovereign debt, they have come down.”

Investing Basics
(Reporting by Zoran Radosavljevic; writing by Michael Winfrey)

EU is serious about defending euro area-Rehn