Euro Crisis: Monti urges cooperation to support interest rates
By
Clem Chambers
PUBLISHED:
28 Jun 2012 @ 19:58
|
Comments (2)
|
More info about Clem Chambers
European nations could “go to hell” if they fail to cooperate on keep interest rates on debt down argues Italian Premier Mario Monti.
Speaking ahead of a European summit Mr Monti stated that “political forces which say ‘let European integration, let the euro, let this or that large country go” would be a “disaster for the whole of the European Union”.
Following the publication of a European Commission blueprint to resolve the crisis through increased cooperation ahead of the summit senior French aides commented that the recently elected President, Francois Hollande, is “at ease” with the proposal whilst Angela Merkel remains opposed.
Speaking ahead of the summit the Chancellor said instead that “oversight and liability have to go hand in hand. There can only be joint liability when adequate oversight is ensured”.
CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).
This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.
:-)
I guess we’ll find out the result of Monti vs Merkel in the proxy war being fought tonight in Warsaw, kick off 7:45 :)