italian economic system \not fragile\
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Italian economic system 'not fragile'

Arab Today, arab today

Arab Today, arab today Italian economic system 'not fragile'

Berlin - AFP

Italy's economic system is "not fragile" although it has some weak points, notably a high level of debt, Prime Minister Mario Monti said on Wednesday, as Rome comes under pressure on the markets. Speaking after receiving a prize from a business school here, Monti told reporters: "The Italian system isn't fragile. There are aspects that are less solid, like the high level of debt and elements that are more solid ... notably our banking system." "We Italians have a tendency to go too quickly from moments of inexplicable euphoria to unjustified depression," he quipped. Nevertheless, there were some positive strengths of the Italian economy, for example a powerful network of small and medium-sized businesses and households that have a low level of debt, Monti stressed. "We don't need to resort to desperate measures for our public finances," he said, adding he would pursue Italy's course of fiscal consolidation. After Spain announced it would seek EU aid of some 100 billion euros ($125 billion) to recapitalise its crisis-wracked banks, market attention has switched to Italy, buried under one of the eurozone's highest debt mountains. While former EU commissioner Monti has generally regained market confidence after taking over from former prime minister Silvio Berlusconi last year, Italy's borrowing costs have shot up in recent days amid fresh market turmoil. The yield on the benchmark 10-year government bond has risen over the 6.0-percent barrier generally seen as unsustainable over the long-term. At a auction of 12-month debt earlier on Wednesday, Italy's rates spiked sharply to 3.972 percent from 2.34 percent at a similar operation on May 11.

arabstoday
arabstoday

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*

italian economic system \not fragile\ italian economic system \not fragile\

 



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*

italian economic system \not fragile\ italian economic system \not fragile\

 



GMT 12:48 2016 Sunday ,27 November

Cilic, Dodig push Croatia to brink of Davis Cup

GMT 05:24 2017 Thursday ,28 December

Erdogan says 'terrorist' Assad cannot be part of Syria

GMT 12:59 2016 Saturday ,05 November

WB welcomes economic reforms in Egypt

GMT 18:40 2016 Saturday ,05 November

Egyptian GDRs in London down

GMT 10:57 2017 Wednesday ,06 December

Peru striker Guerrero has doping ban extended

GMT 17:51 2017 Tuesday ,07 March

Trump Signs New Travel Ban on Six Muslim Countries

GMT 10:30 2017 Wednesday ,06 September

Saudi Information Ministry praises media role during Hajj

GMT 15:29 2017 Tuesday ,24 January

Mind games really do help your brain

GMT 06:55 2015 Thursday ,01 October

Boston Red Sox beat Yankees

GMT 08:17 2017 Monday ,28 August

Bahrain celebrates World Humanitarian Day 2017

GMT 02:07 2017 Tuesday ,28 February

Opposition seeks Russian support at Syria talks
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday