Rehn: Recovery not just about bailing out bankers

The EU Economic Affairs Commissioner Olli Rehn said today that the recovery is not simply about bailing out the bankers.

Commissioner Rehn says that repairing the financial sector is the first step in repairing the economy.

He was speaking in Dublin, at a meeting of the Chairpersons of Finance Committees.

Minister Michael Noonan chaired the Interparliamentary meeting, under the Irish EU Presidency.

Mr Rehn said that the recovery is about getting credit back to both the public and private sector.