($EURUSD, $MACRO) EU'S REHN SAYS SLOWDOWN OF ECON RECOVERY IN EUROPE AND ELSEWHERE REQUIRES STRONGER POLITICAL DETERMINATION THAN EVER
SAYS FRANCE, ITALY, BELGIUM SPAIN HAVE ALREADY RATIFIED MORE FLEXIBLE EFSF
SAYS GREECE HAS EXPRESSED STRONG DETERMINATION TO MEET ALL COMMITMENTS
SAYS FIRST STEP ON EUROBONDS IS FEASIBILITY STUDY WHICH COMMISSION WILL PRESENT THIS AUTUMN
SAYS NECESSARY CONDITION FOR EUROBONDS IS FURTHER REINFORCEMENT OF ECON GOVERNANCE IN EUROPE
SAYS OTHERWISE EURO ZONE BONDS WOULD TURN INTO JUNK BONDS
SAYS CONCLUSION OF GREEK REVIEW DEPENDS ON THE POLITICAL WILL OF GREECE TO MEET AGREED TARGETS
SAYS NOW BALL IS IN THE GREEK COURT