Rehn: EU should heed voter resistance to tougher rules

The European Union should heed voter resistance to tougher rules on how nations manage their economies, outgoing EU Monetary Affairs Commissioner Olli Rehn said.

“I would be quite cautious of going beyond the current state of rigor of economic governance, because in order to make real serious progress, sustained progress of economic reforms, you need the support from your people,” Mr Rehn said.

Mr Rehn also renewed his call to follow through on existing commitments. High unemployment rates, especially among younger citizens, “can seriously dent our growth potential for some time to come,” he said in remarks to the Brussels branch of the European Movement Ireland organisation.