Arab Today, arab today italy pm eurobonds must come with budget control
Last Updated : GMT 06:58:51
Arab Today, arab today
Arab Today, arab today

Italy PM: Eurobonds must come with budget control

Arab Today, arab today

Arab Today, arab today Italy PM: Eurobonds must come with budget control

Frankfurt - AFP

A pooling of eurozone countries\' debt, in the form of eurobonds, must be accompanied by increased budget control at a European level, Italian Prime Minister Mario Monti said in an interview Wednesday. \"We need a partial mutualisation of debt, but also more central control of national budgets,\" Monti told the daily Frankfurter Allgemeine Zeitung. \"Without proper control it would be irresponsible to burden others with a share of your own debt,\" he said. \"Germany and Italy take the same line on this and are prepared to surrender national sovereignty,\" Monti added. The interview appeared on the same that day when German Chancellor Angela Merkel is scheduled to meet Monti in Rome following perceived tensions between the two leaders at last week\'s EU summit. But Monti played down any differences. \"Angela + Mario = a step forward for European economic policy,\" he said. \"For several months now, the German and the Italian governments have both been working at a number of European summits to steer the EU onto the path of growth while still adhering to budgetary discipline,\" Monti said. Monti insisted that Italy \"isn\'t calling for a rescue and isn\'t calling for eurobonds. Italy is doing everything that is being demanded of it to boost growth.\" Monti conceded that his government would not be able to solve the deep structural problems facing Italy in the the year and four months his government had left in office. \"It\'s also a question of the economy. If a government such as ours implements the big fiscal adjustments, that will be a burden to the economy in the short term,\" he said. Monti and Merkel are scheduled to hold a joint news conference in Rome later on Wednesday.

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*

Arab Today, arab today italy pm eurobonds must come with budget control Arab Today, arab today italy pm eurobonds must come with budget control

 



Arab Today, arab today

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 italy pm eurobonds must come with budget control Arab Today, arab today italy pm eurobonds must come with budget control

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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