EU has means to contain the sovereign-debt crisis

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Olli Rehn, economic and monetary affairs commissioner for the EU, said the bloc has the ability to contain its sovereign-debt crisis and that financial markets have become too pessimistic about the fiscal health of Portugal and Spain. "In the light of facts, Spain's and Portugal's ability to take care of state debt and stimulate economic growth is much better than what the markets currently assume," Rehn said. Full story here