ECONOMY

Financial stability…

EU Economic and Monetary Affairs Commissioner Olli Rehn said yesterday Greece is on track to cut spending and return to financial stability, and that concerns it may have restructure its debt are unfounded. In an opinion piece in the Wall Street Journal, Rehn said Greece has taken drastic, sometimes painful steps to turn an untenable situation around. ‘I am aware that the Greek reform drive has not killed concerns that Athens might yet be forced to restructure its debt. For several reasons, I find these concerns unfounded.’