Bloomberg News

Rehn Says Recession to Be ‘Much Nastier’ If Crisis Not Resolved

February 02, 2012

Feb. 2 (Bloomberg) -- European Union Economic and Monetary Affairs Commissioner Olli Rehn said the region is going through a “mild recession” that could “turn much nastier” if the bloc can’t resolve the sovereign debt crisis. His comments were contained in the text of a speech to be delivered in The Hague today.

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