News - June 2011

10 years of the euro: and the winner is …

30/06/2011

European Commission - Press release Brussels, 30 June 2011 - Euro-area citizens and residents have selected the winning design of a new euro coin that will be issued next January to commemorate 10 years of euro banknotes and coins....

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June 2011: Economic sentiment down in both the EU and the euro area

29/06/2011

European Commission - Press release Brussels, 29 June 2011 - In June, the Economic Sentiment Indicator (ESI) declined by 1.0 point to 104.4 in the EU and by 0.4 points to 105.1 in the euro area. The overall decline in the EU resulted from weakening confidence ...

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June 2011: Business Climate Indicator down further in the euro area

29/06/2011

European Commission - Press release Brussels, 29 June 2011 - The Business Climate Indicator (BCI) for the euro area fell for the fourth month in a row in June 2011. The current level of the indicator remains very high, but the consecutive drops observed ...

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Statement of Commissioner Olli Rehn on Greece

28/06/2011

MEMO/11/465 Brussels, 28 June 2011 This week Greece faces a critical juncture. Both the future of the country and financial stability in Europe are at stake. I fully respect the prerogatives and the sovereignty of the Greek Parliament in the ongoing debate. ...

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Statement of Commissioner Olli Rehn on Greece

28/06/2011

This week Greece faces a critical juncture. Both the future of the country and financial stability in Europe are at stake. I fully respect the prerogatives and the sovereignty of the Greek Parliament in the ongoing debate. And I trust that the Greek political leaders are fully aware of the responsibility that lies on their shoulders to avoid default.

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Commisioner Rehn during the join debate on economic governance

22/06/2011

"If there is no agreement this week and no vote latest in July, it will be a very bad deal for Europe and its citizens. And it would only result in frustration, bitterness and a worse outcome for everyone. You have agreed on 99.9% of substance. I ask both sides now to make the last centimetres to reach an agreement with each other.It is of paramount importance, since this package is the cornerstone of our comprehensive response to the still ongoing crisis. It is absolutely crucial for the credibility of the European Union to conclude the package before the summer break – and then move on and put it into use."

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Olli Rehn European Commissioner for Economic andOlli Rehn European Commissioner for Economic and Monetary Affairs Going the last centimeter for reinforced economic governance Joint Debate on

22/06/2011

SPEECH/11/468 President, Honourable Members, First, let me thank the ECON Chair Sharon Bowles, Rapporteurs Corien Wortmann-Kool, Elisa Ferreira, Vicky Ford, Sylvie Goulard, Diogo Feio, Carl Haglund, as well as the shadow Rapporteurs who played a major ...

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Olli Rehn European Commissioner for Economic andOlli Rehn European Commissioner for Economic and Monetary Affairs Going the last centimeter for reinforced economic governance Joint Debate on

22/06/2011

SPEECH/11/468 President, Honourable Members, First, let me thank the ECON Chair Sharon Bowles, Rapporteurs Corien Wortmann-Kool, Elisa Ferreira, Vicky Ford, Sylvie Goulard, Diogo Feio, Carl Haglund, as well as the shadow Rapporteurs who played a major ...

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June 2011: Flash Consumer Confidence Indicator

22/06/2011

European Commission - Press release Brussels, 22 June 2011 - In June 2011, the DG ECFIN (Directorate General for Economic and Monetary Affairs) flash estimate of the consumer confidence indicator declined slightly in the EU (down to 11....

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Commisioner Rehn during the join debate on economic governance in the European Parliament

22/06/2011

SPEECH/11/468  President, Honourable Members, First, let me thank the ECON Chair Sharon Bowles, Rapporteurs Corien Wortmann-Kool, Elisa Ferreira, Vicky Ford, Sylvie Goulard, Diogo Feio, Carl Haglund, as well as the shadow Rapporteurs who played ...

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Statement by the Eurogroup on Greece

20/06/2011

MEMO/11/426 Brussels, 20 June 2011 The Greek authorities are embarking on a significant and necessary adjustment effort. Ministers recognised the considerable progress achieved by the Greek authorities over the last year, particularly in the area of fiscal ...

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Preparation of Eurogroup and Economic and Finance Ministers Council, 19 and 20 June 2011

17/06/2011

MEMO/11/416 Brussels, 17 June 2011 EUROGROUP 19-20 June The Eurogroup meeting will start on Sunday 19 June at 19h00. The European Commission will be represented by Economic and Monetary Affairs Commissioner Olli Rehn....

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Statement by Commissioner Rehn on Greece

16/06/2011

I am confident that next Sunday, the Eurogroup will be able to decide on the disbursement of the fifth tranche of the loans for Greece in early July. And I trust that we will also be able to conclude the pending review, in agreement with the IMF.

In the same context, the Eurogroup on Sunday-Monday will discuss the contents and conditions of a successor programme for Greece, and the nature of private sector involvement in this, with a view to taking decisions at the next Eurogroup meeting of 11 July.

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Statement by Commissioner Rehn on Greece

16/06/2011

MEMO/11/412 Brussels, 16 June 2011 I am confident that next Sunday, the Eurogroup will be able to decide on the disbursement of the fifth tranche of the loans for Greece in early July. And I trust that we will also be able to conclude the pending review, ...

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Olli Rehn European Commissioner for Economic andOlli Rehn European Commissioner for Economic and Monetary Affairs Europe's Economic Future: Growth, Innovation and Governance Conference on th

10/06/2011

SPEECH/11/428 Ladies and Gentlemen, Let me too wish you welcome to today's important conference on the funding strategies for EU research and innovation. In my contribution to today's discussion, I would like to share an overview of where we stand in ...

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Message of condolences of Commissioner Olli Rehn on the passing of former Irish Finance Minister Brian Lenihan

10/06/2011

MEMO/11/400 Brussels, 10 June 2011 It is with great sadness that I have learnt this morning of the passing of Brian Lenihan. Brian displayed great personal courage, strength and dedication to the public good, during a period of exceptional economic challenge ...

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Country-specific Recommendations 2011

09/06/2011

"These efforts, if made seriously and by all, will allow Europe to leave the crisis behind it and safeguard our future prosperity"

Country-specific Recommendations 2011

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Signature of the fourth Supplemental Memorandum of Understanding (SMoU) related to the EU financial assistance to Latvia

08/06/2011

MEMO/11/390 Brussels, 8 June 2011 On 7 June 2011 a new Supplemental Memorandum of Understanding (the fourth SMoU) related to the EU financial assistance to Latvia was signed by the Economic and Monetary Affairs Commissioner Olli Rehn and the Latvian authorities. ...

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10 years of the euro – commemorative coin design to be chosen by the public

06/06/2011

European Commission - Press release Brussels, 06 June 2011 - All citizens and residents of the 17 euro-area Member States will be able to vote on the design of a new 2-euro coin via the internet. The new euro coin will be issued by all euro-area Member ...

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Statement by the European Commission, the ECB and IMF on the Fourth Review Mission to Greece

03/06/2011

MEMO/11/372 Athens, 3 June 2011 Staff teams from the European Commission (EC), European Central Bank (ECB), and International Monetary Fund (IMF) have concluded a mission to Greece to discuss recent economic developments and policies needed to keep the ...

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Remarks by Commissioner Olli Rehn following the conclusion of the Fourth Review Mission to Greece

03/06/2011

MEMO/11/373 Brussels, 3 June 2011 Following the conclusion today of the Fourth Review Mission to Greece, EU Commissioner for Economic and Monetary Affairs, Olli Rehn, made the following remarks. "The latest commitments by the Greek authorities are essential ...

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Olli Rehn European Commissioner for Economic and Monetary Affairs "Debt, Governance and Growth: A Euro Area Perspective" Council on Foreign Relations Brussels, 1 June 2011

01/06/2011

SPEECH/11/407 Ladies and Gentlemen, Thank you for your kind invitation to give a talk at the Council on Foreign Relations. It is a great pleasure to be here and share with you some views on the European economy and its governance....

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Olli Rehn European Commissioner for Economic and Monetary Affairs "Debt, Governance and Growth: A Euro Area Perspective" Council on Foreign Relations Brussels, 1 June 2011

01/06/2011

SPEECH/11/407 Ladies and Gentlemen, Thank you for your kind invitation to give a talk at the Council on Foreign Relations. It is a great pleasure to be here and share with you some views on the European economy and its governance....

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