Bogazici University- Center for European Studies
Tel : 0212 359 70 26
Faks : 0212 359 70 26
Email : ces@boun.edu.tr
Address : Boğaziçi Üniversitesi Avrupa Çalışmaları Merkezi Kuzey Kampüs Kuzey Otopark Binası Kat: 1 No: 118 | 34342 Bebek İstanbul
Italy Says It Won't Seek Aid
For months, Italy pushed for a Europe-wide plan to buy the bonds of struggling countries as a path out of the euro-zone debt crisis. That plan now exists, but Italy has no intention of using it.
"We don't think it's necessary, or desirable, to seek a program" of bond-market intervention, Italy's Economy Minister Vittorio Grilli said in an interview.
Mr. Grilli also batted away concerns, mainly in Germany, that the European Central Banks's recent plan to intervene with unlimited funds in the bond markets of the struggling euro members—a move that has eased pressure on Italian and Spanish bond markets—will take the pressure off Rome and Madrid to improve their economies.
"There is a core of the economic agenda of any government in Europe that has already been agreed at a European level and that's it, and you cannot just do whatever you want," said Mr. Grilli, who became minister in July.
This excerpt was taken from The Wall Street Journal. To be able to read the whole article, please visit this link.