Lunedì, 22 Ottobre 2018
ROME

Monti, Hollande call for fast action on financial measures

English
© ANSA

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(ANSA) - Rome, July 31 - Italian Premier Mario Monti and
French President Francois Hollande are urging fast action on
financial measures agreed to tackle the eurozone crisis by
European leaders at a summit in late June.
The pair spoke after a Paris meeting Tuesday aimed at
boosting confidence in the European economy and the single
currency.
"The conclusions of the Council of Europe of 28 and 29 June
are to be implemented rapidly," the leaders said in a statement.
"Initiatives for growth in the common EU economy and
employment must be applied as quickly as possible".
European leaders agreed on a number of measures to combat
the eurozone crisis at the June summit, including plans to allow
EU rescue funds to be used to support the bonds of countries
facing soaring borrowing costs.
This mechanism, the so-called spread shield, was thrown in
doubt after the governments of the Netherlands and Finland
expressed reservations.
Monti is on a European tour to promote greater harmony in
efforts to protect the region's economy.
"It is of the utmost importance that euro isn't perceived
as a factor of disintegration," Monti said before leaving Rome
for a tour that includes meetings in Finland with Prime Minister
Jyrki Katainen, and in Madrid with Spanish Prime Minister
Mariano Rajoy.
Investors are expecting fresh action by policy makers,
following a declaration from European Central Bank President
Mario Draghi that he would do "whatever it takes" to preserve
the euro.
Markets are now anxiously awaiting Thursday's meeting of
the ECB to see what the central bank intends to do.

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