By MarketWatch
LONDON (MarketWatch) - Olli Rehn, the vice president of the European Commission, said Friday during a panel discussion at the World Economic Forum in Davos, Switzerland, that the "next three days will be very crucial for the future" of the euro zone. Rehn said that Greece was close to agreeing a deal with its private creditors. Athens is trying to secure another installment of EU bailout funds to help it avoid going bankrupt, but the nation needs to reduce its current debt with private lenders. Rehn said: "This will be a very important three-day period for reinforcing confidence in the euro zone." World leaders taking part in the summit at the Swiss ski resort are continuing to debate the future of the euro zone, capitalism and related economic topics.
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