Martedì, 18 Settembre 2018

Monti says Italy ok now, but may need 'oxygen' in future


(ANSA) - Helsinki, August 1 - Italy does not need special
help right now, but that does not mean it will not need a shot
of "oxygen" to help it breath in future, Premier Mario Monti
said Wednesday.
Monti is travelling across Europe this week urging his
counterparts to work collectively to lower borrowing costs
across the region.
In an interview with Finnish daily Helsingin Sanomat, Monti
is quoted as saying that Italy at this time does not need
special help, but that could change.
"The basic idea is that Italy does not seem to need special
aid right now, especially not to save its economy," Monti said
in the interview.
But it might need "a breath of air" in the future, he said,
adding he feels frustration that Italy's painful reforms have
not yet been reflected in lower interest rates.
Monti, who met Tuesday with French President Francois
Hollande, is meeting Wednesday with Finnish Prime Minister Jyrki
Katainen in Helsinki.
Monti and other leaders have been pushing for rapid
implementation of a June European Union summit agreement that
would ease the way for purchase of distressed sovereign-debt
with the region's rescue funds.
In the Finnish newspaper interview, Monti also explained
the importance of the crisis tools available to European
countries, and why these may be needed by "virtuous" countries
such as Italy, which have been making concerted efforts
domestically to deal with the crisis.
"We're thinking of a possible intervention in various
combinations," involving the temporary rescue fund, the
permanent European Stability Mechanism (ESM) and the European
Central Bank, he said.
Finland, the most northern member of the eurozone, has
taken a very hard line on rescue packages, insisting on strict
terms of austerity and collateral before participating.
Monti moves on to meet with Spanish Prime Minister Mariano
Rajoy on Thursday to discuss stepping up efforts to resolve the
Their meeting will coincide with a session of the ECB, its
first meeting since ECB President Mario Draghi cheered markets
and heightened expectations after pledging he would do "whatever
it takes" to save the euro.

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