EU economic affairs commissioner Olli Rehn has blamed the escalation of the euro crisis on superficial market forces and "lack of verbal discipline."
The Finnish commissioner broke his holiday on Friday (5 August) to give a snap press briefing in the EU capital in order to soothe fears that Italy or Spain might go bust.
He said both countries have sound economies and financial reform programmes but the EU's inability to communicate the merit of new bailout measures agreed in July ...
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Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.