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.
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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