EU’s Rehn praises Italy budget cuts

BRUSSELS, May 26 (BestGrowthStock) – European Economic and Monetary
Affairs Commissioner Olli Rehn praised budget cuts announced by
Italy as “very significant” on Wednesday and said they helped
restore confidence in the euro zone.

Asked about a German ban on naked short-selling, which
Berlin plans to widen, Rehn said he understood Germany’s
concerns but added: “We would prefer coordinated action.”

Stock Market Money

(Reporting by Marcin Grajewski, editing by Timothy Heritage)

EU’s Rehn praises Italy budget cuts