Olli Rehn, EU commissioner for economic affairs: no default for Greece, the Italian maneuver is ok

No default for Greece: the procedure, repeatedly hypothesized, would cause "enormous economic and social damage". This was stated by the commissioner for economic and monetary affairs, Olli Rehn, at a press conference in Washington during the work of the annual meeting of the International Monetary Fund. Rehn, also speaking of the situation in Italy, added: "I do not foresee that there will be any need for an aid plan for Italy: from a fiscal point of view there is no need to ask the Italian government for more" .
Olli Rehn explained that the European Union will not allow either an "uncontrolled default" of Greece, or its exit from the euro, as such options would cause serious damage. And, above all, he lambasted the Greek country on reforms: "The slowdown of the economy is not an excuse to stop putting public finances in order". “