Rehn: EU crisis response was the right move

Olli Rehn has said that the EU’s much critisized response to the sovereign debt crisis has been the correct desicion, and has avoided the possibility of a ‘second Lehmans’. As some peripheral EU member states now face tough austerity measures to get their budgets and spending in line, Mr Rehn has also called for the Greek government to hasten privatisation of their countries structural assets.