Olli Rehn

The governments of the European Union, which had given themselves time until the end of July to choose their candidate for the head of the International Monetary Fund (IMF), have not yet agreed on the name of Christine Lagarde's successor, the French finance ministry reported.

Kristalina Georgieva receives France's support in determining the next candidate for managing director of the International Monetary Fund, Bloomberg reported.

Olli Rehn, the governor of Finland's central bank, visited Athens Friday to take part in a conference organized by the Bank of Greece.

Bulgaria's bid to join the EU's Schengen borderless area and the increasing migratory pressure on Europe will be in the focus of a meeting between Deputy Prime Minister Meglena Kuneva and Finland's Foreign Minister Timo Soini, the government in Sofia said on Tuesday.

By Raine Tiessalo & Kati Pohjanpalo

Finland?s election is a clear call for politicians to stop arguing over the fate of Greece and instead turn their attention to their own economic troubles.

That?s according to Olli Rehn, the former European Union economics chief and a member of the Center Party that won Sunday?s election.

 FinMin warns of cash crunch in March, as ?the money isn?t there?

By Sotiris Nikas

Finance Minister Gikas Hardouvelis issued a fresh warning on Thursday about the need to safeguard the cash flow in the Greek economy, while European Central Bank board member Ewald Nowotny and European Parliament Vice President Olli Rehn said there is no chance of a Greek debt haircut.

By Jonathan Stearns

Greece is unlikely to win any writedown on debt owed to the euro area and should instead focus on possible relief in the form of longer repayment periods, said Olli Rehn, who helped avert a Greek exit from the European single currency at the height of the financial crisis.

Greek Prime Minister Antonis Samaras and former French Finance Minister Pierre Moscovici discussed issues regarding the Greek economy in Athens on Wednesday.

According to reports, topics on the meeting's agenda included growth efforts being promoted by the Greek coalition government as well as the country's sovereign debt.

Former Finnish Prime Minister Jyrki Katainen becomes the new European Commissioner for Economic and Monetary Affairs, said EC president Jose Barroso. 

Katainen, will replace Olli Rehn who resigned from his position as a European Commissioner in order to pursue a political career in his home Finland. 

The current European Commission ends its term in the autumn of 2014.

 Rehn praises Hardouvelis’s appointment as senior euro officials express ‘relief’

The appointment of Gikas Hardouvelis, a non-partisan technocrat, at the helm of the Finance Ministry as part of the major shake-up of the Greek Cabinet on Monday was Tuesday welcomed by the European Union’s economy chief and other senior officials in Brussels.