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Reforms initiated to revive crisis-hit Europe: Italian PM

Europe might have fallen behind the curve in tackling the debt turmoil but reforms are happening to ensure growth and prosperity in the region, Italian Prime Minister Mario Monti has said.

Italy within reach of economic recovery: Mario Monti

Italy has averted the worst case scenario of the debt crisis and economic recovery in the eurozone's third largest economy is within reach, Italian Prime Minister Mario Monti said.

German, Italian leaders pledge to protect eurozone

German Chancellor Angela Merkel and Italy's Premier Mario Monti said that Germany and Italy will do everything to protect the eurozone.

Obama discusses Eurozone crisis with Italy PM

The President called on Monti who provided an update on economic developments in Europe, a White House statement said.