Italy does not need a bailout - Monti

Italian prime minister Mario Monti is on a "journey of hope" around European capitals to save the euro. His country does not need a bailout, he was reported as saying today.

1st August, 2012
Italian prime minister Mario Monti

German bunds dropped for the first time in three days after Italy’s prime minister Mario Monti said his country doesn’t need a bailout, adding to optimism leaders are addressing the crisis and reducing demand for the safest assets.

The Italian economy doesn’t need a bailout, Monti said in an interview with Finnish newspaper Helsingin Sanomat. The country may need some support as “markets are slow to understand the measures it has...

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