(ANSAmed) - NEW YORK, JUNE 12 - The eurozone crisis worrying
the United States. The White house has welcomed the bailout of
Spanish banks and the support the EU has promised to Madrid. But
despite these interventions, concern is rising over the
possibility of the crisis spreading to Italy. And of a leader
who is considered to be credible and capable, Italian Premier
Mario Monti, having to throw in the towel. Will Italy be the
next to fall?, the New York Times wonders. The newspaper speaks
of ''probably insurmountable challenges'' even for professor
Monti, who is also dealing with ''the resistance to change that
characterises Italian society and politics." It is no
coincident, the prestigious New York daily underlines, that all
reforms launched by the technocrat government are still on halt
in Parliament, blocked by hard opposition to painful but
necessary measures. ''It is not clear yet if Monti will be able
to keep Italy from becoming the next domino to fall". The
general fear is, that the 100 billion euros promised to Spain to
rescue its banking system will not be enough, and that the fever
will spread to Italy, making it the next to ask the
international community for help, Bloomberg BusinessWeek
underlines as well. The analysis made by the Wall Street Journal
is on the same line. The Journal stresses that the challenges
Italy is facing are probably ''too many for a man alone, even if
that man is Mister Monti". According to the Wall Street Journal,
the next crucial step is the upcoming election in Greece, which
the newspaper calls the ''main threat'' to the future of the
eurozone and beyond. The situation will be assessed at the next
G20 meeting in Los Cabos, Mexico, on June 18 and 19. In this
meeting, Europe will be asked to take more concrete measures
during the summit of EU state and government leaders by the end
of June. Ahead of this crucial summit, U.S. President Barack
Obama is ''in close contact with the European capitals,'' said
White House spokesman Jay Carney, who repeated that ''it is no
mystery what we must do to deal with the enormous challenges we
are facing and to revive the economy and unemployment: we must
act at once. We know where the weak spots are." The message is
aimed once again at Europe, but also at the Congress, which
Obama has accused of blocking his reforms meant to boost the
re-launch. From an electoral viewpoint, the general feeling in
the U.S. is that the Obama administration is at risk. If the
eurozone crisis deepens and even economies considered to be too
big to fail start to collapse, the global consequences are
beyond imagination. And the chances that the first Afro-American
president in the U.S. history will be re-elected would fall to
almost zero.(ANSAmed).
