Crisis: Eurozone springing back, says Monti

We avoided disaster, markets are coming back to Italy

20 November, 10:33

H.M.Sultan Qaboos Bin Said Sultan Oman (L) receives Italian Prime Minister Mario Monti, yesterday in Mascat H.M.Sultan Qaboos Bin Said Sultan Oman (L) receives Italian Prime Minister Mario Monti, yesterday in Mascat

(ANSAmed) - DUBAI, 20 NOV - "The Eurozone is overcoming the crisis," Italy's Prime Minister Mario Monti said in Dubai. "More than a currency, the Euro is a symbol of the integration of Europe which the governments of Europe are determined to preserve and reinforce", he said. "The markets have begun to understand this and are coming back to Italy", he added during talks at the Chamber of Commerce. According to Monti Italy's public purse is now 'healthy'.

"In the last 12 months my government has worked over the odds to bring the country's debt into line and support the economic climate". "We've managed to avoid a state of total disaster. In the last 12 months we had to put the pressure on at home: we couldn't risk another catastrophe in Europe".

(ANSAMed)

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