HELSINKI (MNI) – There is little risk that Spain will have to draw
on the EU’s financial aid package, European Economic and Monetary
Affairs Commissioner Olli Rehn said Friday.
“Spain is taking actions and in the next days the government will
probably have news about the topic,” Rehn told reporters on the
sidelines of a financial conference here.
Greece is taking the right measures, he said. “There are positive
signs in the economy: the unemployment rates and the GDP fall were both
smaller than expected.”
In Greece “recovery is in progress, although modest and gradual,”
he said, adding that a double-dip recession “can be avoided if the
financial stability will be achieved.”
Moreover, Greece is tackling its pension fund problems, Rehn noted.
“We have a memorandum of understanding about this with the Greece
government. This is paramount in the public finance stability question.”
Much remains to be done, but things are moving, he said.
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