EU'S REHN: SHORT-TERM EURO ZONE INDICATORS POINT TO FURTHER MODERATION OF ECON GROWTH AFTER Q2

FINANCIAL MARKETS, REAL ECONOMY NOW MOVING IN SYNC, SERIOUSLY CONCERNED CONTINUED FINANCIAL TURBULENCE MIGHT HARM RECOVERY

SHORT-TERM GROWTH PROSPECTS HAVE WORSENED COMPARED TO EU COMMISSION'S SPRING FORECAST

EXPECTS BANK FUNDING CONDITIONS TO IMPROVE AS BANK RECAPITALISATION PROCEEDS

EURO BONDS, IN WHATEVER FORM, WOULD REQUIRE MORE FISCAL SURVEILLANCE AND POLICY COORDINATION TO AVOID MORAL HAZARD