Tag for 'Vice-President Olli Rehn'
Wednesday, June 4th, 2014
Commission assesses eight EU countries’ readiness to join the euro area; proposes that Lithuania join in 2015 Brussels, 4 June 2014 IP/14/627 The European Commission has today released its 2014 Convergence Report, which assesses eight Member States' readiness to join the single currency. These countries have made uneven progress on the road to euro adoption, [...]
Wednesday, March 19th, 2014
EU/Ukraine: Commission proposes a further €1 billion in macro-financial assistance IP/14/281Brussels, 19 March 2014 The European Commission has proposed new macro-financial assistance (MFA) to Ukraine of up to €1 billion in medium-term loans. The new MFA programme, expected to be approved by the EU's Council of Ministers in the coming weeks, is part of the [...]
Wednesday, March 5th, 2014
Commission concludes in-depth reviews to identify macroeconomic imbalances and assesses progress in fiscal consolidation Brussels, 5 March 2014 IP/14/216 The European Commission has today published its conclusions emerging from the in-depth reviews (IDRs) carried out into 17 Member States' economies. In the same document, the Commission assessed progress in the correction of fiscal deficits in [...]
Tuesday, February 25th, 2014
Winter 2014 forecast: Recovery gaining ground Brussels/Strasbourg, 25 February 2014IP/14/188 The European Commission's winter forecast foresees a continuation of the economic recovery in most Member States and in the EU as a whole. After exiting recession in spring 2013 and three consecutive quarters of subdued recovery, the outlook is for a moderate step-up in economic [...]
Wednesday, January 22nd, 2014
Statement by Vice President Rehn on Spain Brussels, 22 January 2014MEMO/14/51 At midnight tonight, the Spanish financial sector programme formally concludes after 18 months.Spanish financial markets have stabilised, banks have increased liquidity, their solvency position remains comfortable, deposits have been rising and access to funding markets has been improving. The restructuring of banks having received [...]
Tuesday, December 24th, 2013
VP Rehn’s comments to medias on Standard & Poor’s downgrading of EU from AAA (negative outlook) to AA+ (stable outlook) MEMO/13/1191Brussels, 20 December 2013 The Commission takes note that S&P has lowered the EU´s long-term rating to AA+, while at the same time changing the outlook to stable.The Commission underlines that the EU rating with [...]
Friday, November 15th, 2013
Europe's budgetary surveillance moves into full gear IP/13/1082Brussels, 15 November 2013 The European Commission today presented a major package of budgetary surveillance announcements, covering 13 euro area Member States and 3 non-euro Member States, with a special focus also on the euro area as an economic entity in its own right. For the first time, [...]
Wednesday, November 13th, 2013
European Semester 2014: strengthening the recovery Brussels, 13 November 2013IP/13/1064 The biggest challenge now facing Europe's economy is how to sustain the recovery that is now underway. This is the main message of this year’s Annual Growth Survey (AGS), adopted today by the Commission. Its adoption kicks off the fourth European Semester of economic policy [...]
Tuesday, November 5th, 2013
Autumn 2013 economic forecast: Gradual recovery, external risks Brussels, 5 November 2013IP/13/1025 In recent months, there have been encouraging signs that an economic recovery is underway in Europe. After contracting up to the first quarter of 2013, the European economy started to grow again in the second quarter and real GDP is set to continue [...]
Wednesday, August 14th, 2013
Vice-President Olli Rehn's comments on Eurostat's GDP flash estimates for the second quarter of 2013 Brussels, 14 August 2013MEMO/13/745 The GDP flash estimates for the second quarter of 2013 for the euro area and the EU27 have just been released by Eurostat (STAT/13/122). Euro area and EU27 GDP are both up by 0.3% this quarter.In [...]
