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EU - from acute to chronic

PARIS, Jan. 14 (UPI) -- In medical terms, an acute illness is short, sharp and nasty. A chronic illness is one that lasts a long term and the patient has to learn to live with it. The euro crisis has just gone from its acute to its chronic phase.
MARTIN WALKER, UPI Editor Emeritus

European reconstruction bank admits Kosovo

LONDON, Nov. 20 (UPI) -- A decision by European Bank for Reconstruction to admit Kosovo as a member will help speed its path to stabilization, European leaders said over the weekend.

EU lets Spain slide on deficit targets

BRUSSELS, Nov. 14 (UPI) -- The head of the European Commission said Spain will not need to rein in spending or raise taxes until at least 2014, despite ongoing debt problems.

European Commission downgrades forecast

BRUSSELS, Nov. 7 (UPI) -- The European Commission said Wednesday economic growth in Europe would be even slower than previously expected.
Spanish bonds lose ground Monday

Spanish bonds lose ground Monday

MADRID, June 11 (UPI) -- Spanish bonds got more expensive for Madrid Monday after early optimism provided by a $125 billion international bank bailout faded.

Group of Seven to monitor European crisis

BRUSSELS, June 5 (UPI) -- Group of Seven finance leaders said the economic crisis in Europe warrants close scrutiny, but added nothing to policy options already on the table Tuesday.

Italy announces $2.9B anti-poverty plan

ROME, May 12 (UPI) -- Italy's government says more than $2.9 billion for an anti-poverty plan would come from obsolete or underused programs that are already in the budget.
France expected to miss 2013 debt target

France expected to miss 2013 debt target

PARIS, May 11 (UPI) -- The European Commission says France will likely miss its deficit target for the coming year.

Rajoy defends abandoning deficit target

MADRID, March 6 (UPI) -- Spain's leader defended abandoning his country's deficit target, amid European criticism, saying a deepening recession made the move necessary.

Davos doubts center on EU, world economy

DAVOS, Switzerland, Jan. 27 (UPI) -- High-powered talks at the World Economic Forum in this scenic Swiss resort have failed to dispel anxieties and gloom over the future of global economy and immediate and pressing concerns in Europe over the fate of the EU and the eurozone.

EU takes action against Hungary laws

STRASBOURG, France, Jan. 17 (UPI) -- The European Union's executive arm Tuesday began legal proceedings against Hungary over government measures critics say move the country toward dictatorship.

EU threatens Hungary with legal action

BUDAPEST, Hungary, Jan. 12 (UPI) -- The European Union gave Hungary until Tuesday to change a series of measures that threaten the country's balance of power or face legal action.

Europe debt crisis worsens

ROME, Nov. 25 (UPI) -- Borrowing costs rose Friday for European governments, and financial analysts said the development increases the risk of collapse for Europe's common currency.
U.S. markets close with gains

U.S. markets close with gains

NEW YORK, Nov. 15 (UPI) -- U.S. stock markets rose Tuesday after the Commerce Department said retail sales rose 0.5 percent in October.
Falling into a stall

Falling into a stall

Data released in Europe Tuesday show a serious risk of recession just at at time when the continent's debt crisis could undermine growth.
ANTHONY HALL, United Press International
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Wiki

Olli Ilmari Rehn ( pronunciation (helpĀ·info)) (born 31 March 1962) is a Finnish politician, currently serving as European Commissioner for Economic and Financial Affairs. He had previously served as Commissioner for Enlargement. He has held a variety of political positions in European institutions as well as in Finland.

Born in Mikkeli in Eastern Finland, Rehn studied economics, international relations and journalism at Macalester College, Saint Paul, Minnesota, USA. He took a master's degree in political science from the University of Helsinki in 1989, and a PhD from the University of Oxford in 1996 on the subject of "Corporatism and Industrial Competitiveness in Small European States".

Rehn also played football for his hometown club Mikkelin Palloilijat in Finland's top division Mestaruussarja (now Veikkausliiga) in his youth.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Olli Rehn."
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