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Italy does not need EU help: Monti

Italian Prime Minister Mario Monti has denied that his country requires any bailout from its European partners.



Rome: Italian Prime Minister Mario Monti has denied that his country requires any bailout from its European partners.

"We wanted (sic) to show with actions in our country that we do not need the paralysing protection of others," Xinhua quoted Monti as saying during a Senate briefing Wednesday.

He said the pressure on the Italian debt will abate if the EU could adopt measures such as "serious public investment... and if there will be explicit steps towards the construction of Eurobonds or stability bonds, or the redemption fund".

Monti said, in his view, these measures would not need to become operational this year, but must "not be excluded from the table".
Italy and Europe, as a whole, were in a "reinforced situation compared to some months ago", Monti said, adding that there will be "moments of opinion exchange with US President Barack Obama who is following with understandable interest and concern the eurozone dynamics" before the EU summit June 28.

IANS

From Zee News

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