EU's Rehn says reforms should precede more time for deficit cuts

(Reuters) - European governments should first get structural reforms under way and only afterwards expect to be granted more time to reduce their budget deficits to within European Union limits, EU Economic and Monetary Affairs Commissioner Olli Rehn said.

Euro finance ministers warn against complacency

Eurozone finance ministers warned against complacency Friday as the economy recovers from a record recession, insisting the return to growth does not mean that painful reforms can be relaxed.