Tuesday, July 31, 2012
Italy's Monti sees light in euro tunnel
Italian Prime Minister Mario Monti said today that Europe was starting to see light at the end of the tunnel of the euro zone's sovereign debt crisis, belying a welter of deteriorating economic data.
"It is a tunnel but ... some light is appearing at the end of the tunnel. We and the rest of Europe are approaching the end of the tunnel," the Italian leader told RAI public radio before flying to Paris to meet French President Francois Hollande.
Monti said decisions taken at last month's EU summit were starting to bear fruit. "We are now seeing the results both in the willingness of European institutions as well as from the governments of individual countries, including Germany," he said.
"It is a tunnel but ... some light is appearing at the end of the tunnel. We and the rest of Europe are approaching the end of the tunnel," the Italian leader told RAI public radio before flying to Paris to meet French President Francois Hollande.
Monti said decisions taken at last month's EU summit were starting to bear fruit. "We are now seeing the results both in the willingness of European institutions as well as from the governments of individual countries, including Germany," he said.
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