The European Union’s Economic and Monetary Affairs Commissioner, Olli Rehn, has sought to reassure investors over sovereign debt concerns.
It follows a day of talks between European leaders over market turmoil that has seen stocks spiral downwards again.
Last month, EU heads reached a deal they thought would end worries over the strength of the eurozone.
Today, Olli Rehn urged investors to have a bit more patience: “International policy coordination through the G7 and G20 is of critical importance,” he told a news conference, having broken off his vacation and returned to Brussels.
Time will tell if Rehn’s comments clear away the dark clouds gathering over Europe.