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Saturday, May 18
European Economic Commissioner Olli Rehn is tired of being labeled "as an unworthy person who is...
European Economic Commissioner Olli Rehn is tired of being labeled "as an unworthy person who is almost eating children," a rather fantastical characterization he says is improperly applied to anyone pushing the austerity agenda. In reality, Rehn is agnostic when it comes to economic policy and says he finds much to like in Keynes. Now that the crisis has dissipated (at least in terms of periphery yield spreads) Rehn says there is more "room to maneuver" and countries can pursue budget cuts "at a slower pace."