Arab Today, arab today monti calls for united response to eurozone crisis
Last Updated : GMT 23:57:06
Arab Today, arab today
Arab Today, arab today

Italy borrowing costs remain high

Monti calls for united response to eurozone crisis

Arab Today, arab today

Arab Today, arab today Monti calls for united response to eurozone crisis

The Italian PM has outlined plans to resolve Italy's financial crisis  
Rome - Arabstoday

The Italian PM has outlined plans to resolve Italy\'s financial crisis   Italian Prime Minister Mario Monti has called for a \"united response\" to the eurozone debt crisis, as he announced plans to get Italy out of recession. He added that despite the two recent successful Italian bond auctions, he didn\'t think that the phase of financial turbulence had finished.
On Thursday, the government raised around 7bn euros ($8.96bn, £5.86bn) of debt.
Interest rates on Italian 10-year bonds were 6.98%, a barely sustainable level.
Mr Monti, speaking at the prime minister\'s traditional end-of-year press conference, stressed that problems for Italy on the markets were linked to wider difficulties on the European level which required a \"united, joint and convincing response\" that could also boost growth.
He said his new government was working intensively on preparing a package of measures to get the Italian economy moving again. He will present details of his economic plan to EU leaders on 23 January.
The plan would focus on boosting competition and liberalising the Italian jobs market, Mr Monti said.
\"The bond auction went okay, given what is going on in the eurozone, but almost 7% for 10-year paper is very high,\" said Manoj Ladwa, a trader with ETX Capital.
Italy is the eurozone\'s third largest economy, but investors worry about its mix of low growth, high debt and spiralling borrowing costs.
It is feared the country might need a bailout like fellow eurozone members Greece, Ireland and Portugal.
When Mr Monti replaced Silvio Berlusconi as prime minister last month, short-term fears of an economic collapse receded, but investors are now waiting for the details of Mr Monti\'s proposals to try to improve the Italian economy.
 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today monti calls for united response to eurozone crisis Arab Today, arab today monti calls for united response to eurozone crisis

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 12:38 2017 Thursday ,23 February

Lower fares hit Qantas first half profit

GMT 10:57 2017 Thursday ,23 February

Chief executive out at Paramount Pictures

GMT 07:26 2017 Thursday ,23 February

A peek inside Qatar's 'gas capital of the world'

GMT 11:26 2017 Wednesday ,22 February

Dutch corporate takeover defences tough to breach

GMT 11:14 2017 Wednesday ,22 February

Lloyds Banking Group posts surging profits

GMT 10:01 2017 Tuesday ,21 February

Egypt pound rebounds from flotation slide
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday