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EU will consider permanent rescue mechanism-Rehn

Published 09/23/2010, 06:57 AM
Updated 09/23/2010, 07:04 AM

BERLIN, Sept 23 (Reuters) - The euro zone should learn from its experiences with a temporary rescue mechanism for its member states and then consider a more permanent framework, European Economic and Monetary Affairs Commissioner Olli Rehn said.

Speaking at a conference in Berlin on Thursday, Rehn said the European Commission would prepare an analysis based on its experiences with the temporary mechanism before considering a proposal on a "permanent mechanism" for crisis resolution for use after 2013.

Rehn also ruled out a debt restructuring for Greece, Ireland or any other country in the euro zone.

(Reporting by Noah Barkin and Reinhard Becker)

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