Bloomberg News

EU’s Rehn Sees Signs of Stabilization in European Economy

February 28, 2012

Feb. 28 (Bloomberg) -- European Union Economic and Monetary Affairs Commissioner Olli Rehn said he saw “signs of stabilization in the region’s economy.

‘‘Even if Europe is undergoing a mild recession for now, we can see signs of stabilization,’’ Rehn told lawmakers today at the European Parliament in Brussels. The economy has a ‘‘real chance to turn the corner from stabilization to sustainable growth and job creation,’’ he said.

‘‘Ireland and Latvia are most recent examples that economic recoveries and return to growth can be done in even the toughest of conditions,’’ Rehn said.

To contact the reporter on this story: Rebecca Christie in Brussels at rchristie4@bloomberg.net

To contact the editor responsible for this story: Jones Hayden at jhayden1@bloomberg.net


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