Oct. 12 (Bloomberg) -- Economic and Monetary Affairs Commissioner Olli Rehn said there is a fairly good chance of averting a European calamity.
In a pre-recorded speech to a Dublin conference, he said consensus on resolving Europe’s debt crisis is in the making. He said economic growth is stalling and Europe is in “a very dangerous place.”
He said “calamity” can be avoided through coordinated action, increasing banks’ capital and enhancing growth.
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