Europe has made "tangible" progress in reforms that have helped to rebalance the euro zone economy, but the currency bloc must continue with these efforts to restore confidence, says the European Union's top economics official Olli Rehn.
Rehn, in an opinion piece in the Financial Times on Tuesday, said decisions made so far on the national and European level have worked and begun to rebuild confidence, calm markets and counter fears of a collapse of the euro.
But more reforms and deeper integration among European nations are still needed, says Rehn, vice-president of the European Commission and responsible for economic and monetary affairs and the euro.
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