Member of the European Commission - Olli Rehn - Economic and Monetary Affairs

Member of the European Commission - Olli Rehn - Economic and Monetary Affairs

Member of the European Commission - Olli Rehn - Economic and Monetary Affairs

News - August 2011

Euro area inflation estimated at 2.5%

31/08/2011

Euro area annual inflation is expected to be 2.5% in August 2011 according to a flash estimate issued by Eurostat, the statistical office of the European Union. It was 2.5% in July.

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Euro area unemployment rate at 10.0%

31/08/2011

The euro area (EA17) seasonally-adjusted unemployment rate was 10.0% in July 2011, unchanged compared with June. It was 10.2% in July 2010. The EU27 unemployment rate was 9.5% in July 2011, unchanged compared with June. It was 9.7% in July 2010.

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Economic sentiment down further in both the EU and the euro area
Economic sentiment down further in both the EU and the euro area

30/08/2011

In August, the Economic Sentiment Indicator (ESI) declined by 5.0 points to 97.3 in the EU and by 4.7 points to 98.3 in the euro area.

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

30/08/2011

European Commission - Press release Brussels, 30 August 2011 - In August, the Economic Sentiment Indicator (ESI) declined by 5.0 points to 97.3 in the EU and by 4.7 points to 98.3 in the euro area. This decline resulted from a broad-based deterioration ...

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

30/08/2011

European Commission - Press release Brussels, 30 August 2011 - The Business Climate Indicator (BCI) for the euro area fell for the sixth month in a row in August 2011. The current level of the indicator remains positive, but the steady fall observed since ...

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Speech Olli Rehn conserning the economic outlook and governance in the euro area
Speech Olli Rehn conserning the economic outlook and governance in the euro area

29/08/2011

In the first half of 2011, the EU economy continued its gradual recovery, although recently with a slower pace. After the strong GDP growth in the first quarter (0.8% quarter-on-quarter), the second quarter recorded slower growth (to 0.2% q-o-q). Short-term indicators for the euro area point to a further moderation of growth.

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Olli Rehn European Commissioner for Economic and Monetary Affairs Economic outlook and governance in the euro area Extraordinary ECON Meeting – European Parliament Brussels, 29 August 2011

29/08/2011

SPEECH/11/543 Mme Chair, Honourable Members, I would like to thank you for your invitation to this meeting to discuss recent developments in the European economy. Let me first assess the current economic and financial market situation before focusing ...

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Olli Rehn European Commissioner for Economic and Monetary Affairs Economic outlook and governance in the euro area Extraordinary ECON Meeting – European Parliament Brussels, 29 August 2011

29/08/2011

SPEECH/11/543 Mme Chair, Honourable Members, I would like to thank you for your invitation to this meeting to discuss recent developments in the European economy. Let me first assess the current economic and financial market situation before focusing ...

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Speech by Commissioner Olli Rehn on "Economic outlook and governance in the euro area" at the Extraordinary ECON meeting at the European Parliament in Brussels.
Speech by Commissioner Olli Rehn on "Economic outlook and governance in the euro area" at the Extraordinary ECON meeting at the European Parliament in Brussels.

29/08/2011

Mme Chair, Honourable Members, I would like to thank you for your invitation to this meeting to discuss recent developments in the European economy. Let me first assess the current economic and financial market situation before focusing on some specific points of legislative or institutional nature related to the debt crisis.

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Industrial new orders down by 0.7% in euro area

24/08/2011

In June 2011 compared with May 2011, the euro area (EA17) industrial new orders index fell by 0.7%. In May the index rose by 3.6%. In the EU27 new orders decreased by 0.3% in June 2011, after an increase of 1.2% in May. Excluding ships, railway & aerospace equipment, for which changes tend to be more volatile, industrial new orders declined by 3.0% in the euro area and by 2.2% in the EU27.

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August 2011: Flash Consumer Confidence Indicator

23/08/2011

European Commission - Press release Brussels, 23 August 2011 - In August 2011, the DG ECFIN (Directorate General for Economic and Monetary Affairs) flash estimate of the consumer confidence indicator strongly declined in both the EU (down to -16....

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Statement by Olli Rehn
Mikkeli, Finland, 21 August 2011

22/08/2011

Olli Rehn
Mikkeli, Finland, 21 August 2011

Discussions  surrounding the candidates  for the 2012 presidential elections in Finland  are ongoing. I have been asked to consider  whether I will run. I appreciate the messages of support that I have received to this effect from various strands of Finnish society.

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Mikkeli, Finland, 21 August 2011
Mikkeli, Finland, 21 August 2011

22/08/2011

Discussions  surrounding the candidates  for the 2012 presidential elections in Finland  are ongoing. I have been asked to consider  whether I will run. I appreciate the messages of support that I have received to this effect from various strands of Finnish society.

Finnish version

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Construction output down by 1.8% in euro area

18/08/2011

In the construction sector, seasonally adjusted production fell by 1.8% in the euro area (EA17) and by 1.3% in the EU27 in June 2011, compared with the previous month. In May, production increased by 0.1% in the euro area and remained stable in the EU27.

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Euro area annual inflation down to 2.5%

17/08/2011

Euro area annual inflation was 2.5% in July 2011, down from 2.7% in June. A year earlier the rate was 1.7%. Monthly inflation was -0.6% in July 2011.

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Statement by President Barroso and Commissioner Rehn on today's proposals by President Sarkozy and Chancelor Merkel
Statement by President Barroso and Commissioner Rehn on today's proposals by President Sarkozy and Chancelor Merkel

17/08/2011

After a working meeting in Brussels, European Commission President, José Manuel Barroso, and Commissioner for economic and monetary affairs, Olli Rehn, issued the following statement.

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Euro area external trade surplus 0.9 bn euro

16/08/2011

The first estimate for euro area (EA17) trade with the rest of the world in June 2011 gave a 0.9 bn euro surplus, compared with +0.7 bn euro in June 2010. The May 2011 balance was +0.2 bn, compared with -4.9 bn in May 2010. In June 2011 compared with May 2011, seasonally adjusted exports fell by 4.7% and imports by 4.1%.

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Euro area and EU27 GDP up by 0.2%

16/08/2011

GDP increased by 0.2% in both the euro area (EA17) and the EU27 during the second quarter of 2011, compared with the previous quarter, according to flash estimates published by Eurostat, the statistical office of the European Union. In the first quarter of 2011, growth rates were +0.8% in both zones.

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Sivistysliikkeen tehtävistä Suomessa ja Euroopassa suomi (fi)

16/08/2011

Juhlapuhe Alkio-opistolla
Korpilahdella 12. elokuuta 2011

Hyvä Jorma, hyvät ystävät,

Kiitän kutsusta osallistua tähän Jorma Keräsen kunniaksi järjestettyyn tilaisuuteen. Tämä on minulle kunniatehtävä!

Olet Jorma tehnyt mittavan työn ajatuksen kirkastajana ja kansalaisten kasvattajana täällä Alkio-opistolla. Työsi vaikutukset ovat täällä opiskelleiden ihmisten välityksellä heijastuneet laajalle yhteiskuntaan ja eri puolille maatamme ja maailmaa. Alkio-opisto on sivistyshenkisen tehtävänsä puolesta mitä mainioin ja motivoivin työpaikka. Puhun sikäli kokemuksen rintaäänellä, että tein täällä usein valistustyötä ja vaimoni on puolestaan suorittanut kulttuurisihteerin tutkinnon Alkio-opistossa.

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Statement by President Barroso and Commissioner Rehn on today's proposals by President Sarkozy and Chancelor Merkel

16/08/2011

MEMO/11/557 Brussels, 16 August 2011 After a working meeting in Brussels, European Commission President, José Manuel Barroso, and Commissioner for economic and monetary affairs, Olli Rehn, issued the following statement....

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Statement by President Barroso and Commissioner Rehn on today's proposals by President Sarkozy and Chancelor Merkel

16/08/2011

After a working meeting in Brussels, European Commission President, José Manuel Barroso, and Commissioner for economic and monetary affairs, Olli Rehn, issued the following statement.

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Statement by President Barroso and Commissioner Rehn on today's proposals by President Sarkozy and Chancelor Merkel
Statement by President Barroso and Commissioner Rehn on today's proposals by President Sarkozy and Chancelor Merkel

16/08/2011

The proposals made today by President Sarkozy and Chancellor Merkel are a welcome step forward in our common efforts to strengthen the governance of the euro area. They represent an important political contribution by the leaders of the two largest euro area economies to this debate and the on-going work.

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Industrial production down by 0.7% in euro area

12/08/2011

In June 2011 compared with May 2011, seasonally adjusted industrial production fell by 0.7% in the euro area (EA17) and by 1.2% in the EU27. In May production rose by 0.2% in both zones.

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Positive statement by the EC, ECB, and IMF Troika on the First Review Mission to Portugal
Positive statement by the EC, ECB, and IMF Troika on the First Review Mission to Portugal

12/08/2011

Staff teams from the Commission, ECB and IMF have held the first regular quarterly review of the government’s economic programme. In their assessment, Portugal is on track. The Troika welcomed the new government’s commitment to the ambitious and comprehensive program agreed in May 2011. Live press conference from Lisbon

Video coverage available on EbS

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Sivistysliikkeen tehtävistä Suomessa ja Euroopassa suomi (fi)

12/08/2011

Juhlapuhe Alkio-opistolla
Korpilahdella 12. elokuuta 2011

Hyvä Jorma, hyvät ystävät,

Kiitän kutsusta osallistua tähän Jorma Keräsen kunniaksi järjestettyyn tilaisuuteen. Tämä on minulle kunniatehtävä!

Olet Jorma tehnyt mittavan työn ajatuksen kirkastajana ja kansalaisten kasvattajana täällä Alkio-opistolla. Työsi vaikutukset ovat täällä opiskelleiden ihmisten välityksellä heijastuneet laajalle yhteiskuntaan ja eri puolille maatamme ja maailmaa. Alkio-opisto on sivistyshenkisen tehtävänsä puolesta mitä mainioin ja motivoivin työpaikka. Puhun sikäli kokemuksen rintaäänellä, että tein täällä usein valistustyötä ja vaimoni on puolestaan suorittanut kulttuurisihteerin tutkinnon Alkio-opistossa.

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Statement by the EC, ECB, and IMF on the First Review Mission to Portugal

12/08/2011

MEMO/11/555 Lisbon, 12 August 2011 Staff teams from the European Commission (EC), European Central Bank (ECB), and International Monetary Fund (IMF) visited Lisbon during August 1-12 for the first regular quarterly review of the government’s economic ...

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Sivistysliikkeen tehtävistä Suomessa ja Euroopassa suomi (fi)

12/08/2011

Hyvä Jorma, hyvät ystävät, Kiitän kutsusta osallistua tähän Jorma Keräsen kunniaksi järjestettyyn tilaisuuteen. Tämä on minulle kunniatehtävä! Olet Jorma tehnyt mittavan työn ajatuksen kirkastajana ja kansalaisten kasvattajana täällä Alkio-opistolla. Työsi vaikutukset ovat täällä opiskelleiden ihmisten välityksellä heijastuneet laajalle yhteiskuntaan ja eri puolille maatamme ja maailmaa. Alkio-opisto on sivistyshenkisen tehtävänsä puolesta mitä mainioin ja motivoivin työpaikka. Puhun sikäli kokemuksen rintaäänellä, että tein täällä usein valistustyötä ja vaimoni on puolestaan suorittanut kulttuurisihteerin tutkinnon Alkio-opistossa.

More suomi (fi)

Ongoing developments in the eurozone
Ongoing developments in the eurozone pdf

05/08/2011

I will start by stating the obvious: markets have not reacted as we expected or hoped for to the measures agreed by euro-area Heads of State and Government on 21 July.
The spread of bond-market tensions across the euro area is, however, not justified by economic and budgetary fundamentals. Economic recovery is proceeding in most parts of the euro area, while important steps in budgetary consolidation and structural reform are underway across Europe and in particular in those Member States most exposed to market tensions.
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Olli Rehn European Commissioner for Economic and Monetary Affairs Ongoing developments in the eurozone Press Conference Brussels, 5 August 2011

05/08/2011

SPEECH/11/540 I will start by stating the obvious: markets have not reacted as we expected or hoped for to the measures agreed by euro-area Heads of State and Government on 21 July. The spread of bond-market tensions across the euro area is, however, ...

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Olli Rehn European Commissioner for Economic and Monetary Affairs Ongoing developments in the eurozone Press Conference Brussels, 5 August 2011

05/08/2011

SPEECH/11/540 I will start by stating the obvious: markets have not reacted as we expected or hoped for to the measures agreed by euro-area Heads of State and Government on 21 July. The spread of bond-market tensions across the euro area is, however, ...

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Letter from President Barroso to the members of the European Council
Letter from President Barroso to the members of the European Council (03/08/2011) pdf - 45 KB [45 KB]

04/08/2011

"Euro-area financial stability must be safeguarded, with all EU institutions playing their part with the full backing of euro area Member States."

"I would like to call on you to accelerate the approval procedures for the implementation of these decisions so as to make the EFSF enhancements operational very soon."

"I trust that governments and national Parliaments will rapidly approve these decisions necessary to improve the EFSF flexibility."

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Statement by President Barroso on the euro area sovereign bond markets
Statement by President Barroso on the euro area sovereign bond markets

03/08/2011

Developments in the sovereign bond markets of Italy and Spain are a cause of deep concern. These developments are clearly unwarranted on the basis of economic and budgetary fundamentals in these two Member States and the steps that they are taking to reinforce those fundamentals. In fact, the tensions in bond markets reflect a growing concern among investors about the systemic capacity of the euro area to respond to the evolving crisis.

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Volume of retail trade up by 0.9% in euro area

03/08/2011

In June 2011, compared with May 2011, the volume of retail trade grew by 0.9% in the euro area (EA17) and by 0.7% in the EU27. In May retail trade fell by 1.3% in both zones.

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Industrial producer prices stable in both euro area and EU27

02/08/2011

In June 2011 compared with May 2011, the industrial producer price index remained stable in both the euro area (EA17) and the EU27. In May prices fell by 0.2% and 0.3% respectively.

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Euro area unemployment rate at 9.9%

01/08/2011

The euro area (EA17) seasonally-adjusted unemployment rate was 9.9% in June 2011, unchanged compared with May. It was 10.2% in June 2010. The EU27 unemployment rate was 9.4% in June 2011, unchanged compared with May. It was 9.7% in June 2010.

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Statement by the EC and IMF on the Review Mission to Romania
Statement by the EC and IMF on the Review Mission to Romania

01/08/2011

Staff teams from the European Commission (EC) and the International Monetary Fund (IMF) visited Bucharest from July 20 until August 1, for the regular quarterly review of Romania’s economic program. The objectives of the program are to solidify economic growth while maintaining macroeconomic and financial stability.

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Increasing co‑financing rates for EU funds - boosting European economic recovery

01/08/2011

European Commission - Press release Brussels, 1 August 2011 – Today the European Commission agreed to measures that should make a significant contribution to getting some of the EU's most troubled economies back on track....

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Statement by the EC and IMF on the Review Mission to Romania

01/08/2011

MEMO/11/545 Brussels, 1 August 2011 Staff teams from the European Commission (EC) and the International Monetary Fund (IMF) visited Bucharest from July 20 until August 1, for the regular quarterly review of Romania’s economic program....

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Last update: 13/09/2011 |  Top