Thursday, June 16, 2011

Markets get it wrong on Greece

Rehn Sees Markets Misreading EU Resolve

European Union Economic and Monetary Affairs Commissioner Olli Rehn said financial markets have made “certain misreadings” on EU leaders’ intentions in the Greek debt crisis.
“There is a certain misreading of the intentions and future actions of the European leaders,” Rehn said today in a Bloomberg Television interview in Brussels. “We will not let the euro area face any kind of catastrophe.”
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Comment: Sorry, chaps, but Rehm is right.

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