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Italy Leader, Monti, Tells Germany Austerity Isn't Enough
Keywords:
Italy's new prime minister Mario Monti, was frank in his views about depending on austerity alone to meet the debt crisis, views also shared by President Sarkozy of France. Monti told an interviewer from the German newspaper Die Welt, before meeting German chancellor Merkel in Berlin: In the absence of specific help "a protest against Europe will develop in Italy, also against Germany, which is viewed as the ringleader of E.U. intolerance, and against the European Central Bank." He went on to say-"I cannot have success with my policies if the E.U.'s policies don't change." He pointed out that economic difficulties could drive Italy to "flee into the arms of populists."
Mario Monti: Alessandra Galloni's Interview with the prime minister of Italy, August 2012
01/11/2012
Galloni talk to Monti in this important interview after the June 28, 2012 summit of European leaders. In it Monti outlines once more how he sees ECB head Draghi's role in the days ahead, the measures he has taken that are unpopular in Italy, his ideal for Europe.
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Italian Left Bolstered by Showing in Mayoral Races
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‘The European Union needs Italy’ - The Washington Post
Washington Post 10/18/2013
Italy Leader, Monti, Tells Germany Austerity Isn't Enough
New York Times 01/11/2012
Euro Strengthens as Fears Fade
Wall Street Journal 01/12/2013
Mario Monti: Interview Excerpts
Wall Street Journal 08/06/2012
Q&A: Italy’s Economy Minister Vittorio Grilli
Wall Street Journal 09/12/2012
Short term actions to save the euro taken at the Brussels negotiations on June 28, 2012
01/11/2012
Short term steps Germany agreed to when pushed hard by Italy, Spain and France, include the critical actions to let the European rescue funds to directly buy Italian and Spanish bonds on private markets to drive down bond yields, and provide direct aid to Italian and Spanish banks. The two steps were vital to restore market confidence and necessary if the European project was to be saved. The marathon negotiation stetched for 14 hours with brinksmanship, and were described by prime minister Monti of Italy as "hard and tense" but worth it.
Grouped Articles
Italy's Monti Hopes Summit Win Plays at Home
Wall Street Journal 06/29/2012
Global Markets Soar on European Breakthrough
New York Times 06/29/2012
Return of Long-Term Bond Buyers Seen as Crucial to Europe
New York Times 06/29/2012
German Election Overturns Political Order
Wall Street Journal 09/23/2013
Italy Leader, Monti, Tells Germany Austerity Isn't Enough
New York Times 01/11/2012
Euro Strengthens as Fears Fade
Wall Street Journal 01/12/2013
Britain's perilous path with austerity cuts, inflation and lower economic growth- 2011-2015
06/22/2010
Grouped Articles
The economy: On a wing and a credit card
Economist 07/08/2013
U.K. Moves To Tackle Income Squeeze
Wall Street Journal 08/20/2013
The Curious Case of Britain's Economic Recovery
Wall Street Journal 10/21/2013
U.K. Politicians Vie to Address Fall in Living Standards
Wall Street Journal 11/18/2013
U.K. Government Prepares For Deep Budget Cuts
Wall Street Journal 06/22/2010
British Towns and Institutions Reel From First Austerity Cuts
New York Times 08/09/2010
Faces of recession battered Greece as new austerity programs are adopted by the government
06/28/2011
Grouped Articles
EU Dismisses IMF's Criticism On Greek Bailout
Wall Street Journal 06/07/2013
New York Times 11/03/2013
Greece’s prescription for a health-care crisis - The Washington Post
Washington Post 02/22/2014
Across Athens, Graffiti Worth a Thousand Words of Malaise
New York Times 04/15/2014
Greek Patience With Austerity Nears Its Limit
New York Times 12/29/2014
Greece’s new prime minister wants Germany to pay for Nazi war crimes - The Washington Post
Washington Post 01/26/2015
Greece, debt and the new austerity budgets 2011-2013
12/10/2009
Grouped Articles
Greek Draft Budget Sees Primary Surplus, Return to Growth
Wall Street Journal 10/14/2013
Greek Patience With Austerity Nears Its Limit
New York Times 12/29/2014
Greece’s new prime minister wants Germany to pay for Nazi war crimes - The Washington Post
Washington Post 01/26/2015
Greece Wanted to Reframe Europe’s Austerity Debate. It Failed.
New York Times 07/01/2015
Mirage of Economic Turnaround Masked New Greek Crisis in the Making
Wall Street Journal 07/05/2015
Greece: Austerity Budget Passed
New York Times 12/25/2009
Italy, Spain and austerity measures- 2011-2013
08/08/2011
Analysts point to the austerity measures adopted by Italy and Spain much earlier than other countries in the eurozone. The risk now is cutting into muscle as growth for 2011 is expected to be below 1% in both countries. Italy say analysts is actually in surplus when the interest on debt is excluded.
Grouped Articles
Italy Urged to Resist a Relapse in Spending
Wall Street Journal 05/03/2013
Still Sputtering, Spain Turns Away From Cuts
Wall Street Journal 05/12/2013
German Election Overturns Political Order
Wall Street Journal 09/23/2013
New York Times 11/03/2013
Saying No to Austerity, Spain Unveils Tax Cuts
New York Times 06/20/2014
European Finance Ministers Support Investment Program
New York Times 09/14/2014
Portugal's austerity measures and the financial crisis 2010-2015
09/27/2010
Collapse of the government in Portugal in 2011, after failing to win support for further austerity measures.
Grouped Articles
Wall Street Journal 05/03/2013
Portugal Returns to Bond Market
Wall Street Journal 05/08/2013
Portugal Plans Cuts in Spending
Wall Street Journal 05/30/2013
Portugal's Government Thrust Into Turmoil
Wall Street Journal 07/03/2013
Lisbon Cabinet Shuffle Buoys Junior Coalition Party Leader
Wall Street Journal 07/08/2013
Portugalâs President Calls for Early Elections
New York Times 07/11/2013
The growing debate over bondholder haircut, easy money policies, sacrifices, and austerity policies.
11/25/2010
This debate puts British prime minister Cameron, and German chancellor Angela Merkel, on one side, with US President Obama, US central bank chairman Bernanke and other leaders on the other side. The blanket Irish guarantee of all Irish bank debt is an example of improper action that could have prevented the need for an Irish bailout, when guaranteeing only retail Irish bank debt would have worked. Merkel has insisted on bondholders sharing in bank losses, and tougher action required for countries receiving bailouts.
Grouped Articles
A Crisis Needing More Sacrifice
New York Times 11/25/2010
Crises Shake German Trust in Euro Zone
New York Times 11/26/2010
EU Outlines Bond Restructuring Plan
Wall Street Journal 11/28/2010
Europe Backs Irish Rescue and New Rules on Bailouts
New York Times 11/28/2010
Wall Street Journal 12/02/2010
'Contagion' and Other Euro Myths
Wall Street Journal 12/02/2010
The austerity spending cuts and new taxes in Greece- 2011-2012
06/28/2011
Grouped Articles
Greek Patience With Austerity Nears Its Limit
New York Times 12/29/2014
Greek Ship Owners Fear Syriza Tax Plan
Wall Street Journal 01/28/2015
Greece Wanted to Reframe Europe’s Austerity Debate. It Failed.
New York Times 07/01/2015
Mirage of Economic Turnaround Masked New Greek Crisis in the Making
Wall Street Journal 07/05/2015
Wall Street Journal 06/29/2011
Two-Day Strike in Greece Ahead of Austerity Vote
New York Times 06/28/2011
Mario Monti, as head of the new Italian government in November 2011
11/10/2011
Former European Commissioner, Mario Monti, is the top candidate to head the new administration in Italy.
Grouped Articles
Italy's Monti Hopes Summit Win Plays at Home
Wall Street Journal 06/29/2012
Italian Prime Ministerâs Political Acrobatics
New York Times 04/28/2013
‘The European Union needs Italy’ - The Washington Post
Washington Post 10/18/2013
Italy Front-Runner Seen as Political Outsider
Wall Street Journal 11/11/2011
Rome Plan for Growth Garners EU Praise
Wall Street Journal 11/11/2011
Can Italy Put Berlusconi Behind It?
New York Times 11/10/2011
The EU Summit, December 9, 2011
12/09/2011
The German position not to allow large scale bond buying by the ECB remained unchanged. The focus continued on getting debt brakes and fiscal discipline rules set for the eurozone members. The ECB's Mario Draghi opposes central banks of Europe sending money to the IMF which would be used to support EU countries with debt problems. The ECB lowered interest rates by 0.25% for the eurozone, bringing interest rates to 1%, and reversing earlier ECB policies under Trichet that increased rates. In addition the ECB will provide unlimited funding to European commercial banks for longer maturities of 3 years, instead of the current 1 year maturity.
Grouped Articles
Wall Street Journal 12/09/2011
British Prime Minister Cameron’s veto of E.U. pact splinters his coalition - The Washington Post
Washington Post 12/11/2011
Legal Uncertainty Imperils EU Agreement
Wall Street Journal 12/14/2011
Leaders Grow Further Apart on Solutions
Wall Street Journal 12/15/2011
The Euro Zone's Double Failure
Wall Street Journal 12/15/2011
Euro Treaty to Require Only 9 Nations for Ratification
New York Times 12/16/2011
Lucas Papademos as the new prime minister of Greece in Nov. 2011
11/10/2011
Papademos was vice president of the European Central Bank. He was a classmate of Mario Draghi at the Massachusetts Institute of Technology.
Grouped Articles
Economist Lucas Papademos Named Prime Minister of Greece
New York Times 11/10/2011
Merkel Urges Party to Help Save Euro
Wall Street Journal 11/14/2011
Greeks Welcome Papademos as New Prime Minister, Polls Show
Wall Street Journal 11/14/2011
New York Times 11/15/2011
As Nations Bet on Technocrats, Odds Look Stiff
Wall Street Journal 11/17/2011
European Bank Chief Pushes Back
Wall Street Journal 11/19/2011
Mario Monti and the Feb. 24, 2013 general elections in Italy
01/11/2012
Grouped Articles
Italian Prime Ministerâs Political Acrobatics
New York Times 04/28/2013
Italy Leader, Monti, Tells Germany Austerity Isn't Enough
New York Times 01/11/2012
Monti Details His Game Plan for Election
Wall Street Journal 12/28/2012
Turmoil Returns to Europe Markets
Wall Street Journal 02/04/2013
Italy’s election: When cynics rule
Economist 02/22/2013
Italy’s election: Long after the party
Economist 02/22/2013
Austerity measures facing European countries in 2011-2013
11/13/2011
Grouped Articles
German Election Overturns Political Order
Wall Street Journal 09/23/2013
New York Times 11/03/2013
The 'Silent Austerity' in Banking
Wall Street Journal 01/21/2014
How Righteousness Killed the World Economy
New York Times 10/12/2014
New York Times 11/30/2014
Austerity in Europe Brings Bitterness Unknown in Postwar Era
New York Times 11/13/2011
France's austerity plans and pension reform 2010-2014
06/16/2010
Grouped Articles
New York Times 11/10/2013
Hard times force French to work longer -- to age 62
Washington Post 06/16/2010
France's Lagarde Forecasts Austerity
Wall Street Journal 06/23/2010
French Unions Protest Pension-Age Overhaul
Wall Street Journal 09/08/2010
French Senate Passes Pension Bill
New York Times 10/22/2010
French Cabinet Is Dissolved, a Victim of Austerity Battles
New York Times 08/25/2014
Greece and prime minister Papandreou's Nov. 3, 2011 referendum proposal on the euro and austerity plans
07/01/2011
Grouped Articles
Europe, Athens Battle for Greek Hearts and Minds Ahead of Referendum
Wall Street Journal 06/30/2015
Hopeful Start to Greek Debt Negotiations Quickly Soured
New York Times 07/02/2015
Greek Referendum on Offer That Is Off the Table Baffles Voters
New York Times 07/02/2015
Why Not Give the Greeks Their Say?
New York Times 11/03/2011
Greek Leader Calls Off Referendum
New York Times 11/03/2011
Call for Greek Vote Unsettles Europe
Wall Street Journal 11/02/2011
Ireland's austerity measures and banking crisis.
04/03/2009
Grouped Articles
In Ireland, Hope of Retroactive Relief
Wall Street Journal 06/29/2012
Ireland Faces Seventh Year of Austerity
Wall Street Journal 10/16/2013
Hardships Linger for a Mending Ireland
New York Times 12/11/2013
New York Times 04/03/2009
Support of Anglo Irish Bank Strains Ireland
New York Times 08/31/2010
Ireland Faces Battle Over Europe Stability Treaty
New York Times 05/01/2012
Italy's austerity measures- 2011-2013
06/30/2011
Grouped Articles
Italy Urged to Resist a Relapse in Spending
Wall Street Journal 05/03/2013
How Righteousness Killed the World Economy
New York Times 10/12/2014
EU Won’t Reject French, Italian Budgets
Wall Street Journal 10/28/2014
New York Times 11/30/2014
Italian Government Advances Austerity Plan
New York Times 06/30/2011
Wall Street Journal 07/12/2011
Poverty and hardship in Ireland after austerity measures by the government in 2010
01/04/2009
Grouped Articles
The New Generation Leaving Ireland
BusinessWeek 02/11/2010
Ireland Faces Seventh Year of Austerity
Wall Street Journal 10/16/2013
New York Times 04/03/2009
Ireland Faces Battle Over Europe Stability Treaty
New York Times 05/01/2012
Irish Cutbacks Pile It on for 'New Poor'
Wall Street Journal 11/27/2010
Ireland's new government: Enda the party
Economist 03/05/2011
The impact of austerity measures on various parts of Britain.
07/03/2010
Impact of the Cameron government spending cuts across the UK.
Grouped Articles
U.K. Politicians Vie to Address Fall in Living Standards
Wall Street Journal 11/18/2013
British Towns and Institutions Reel From First Austerity Cuts
New York Times 08/09/2010
Radical Britain: The unlikely revolutionary
Economist 08/14/2010
As the Working Poor Become More Common in Britain, So Does Hunger
New York Times 01/02/2014
U-Turn in the U.K.: Big Spending Cuts
Wall Street Journal 10/14/2010
Jack Monroe Has Become Britain’s Austerity Celebrity
New York Times 01/14/2014
Strikes and labor protest in Britain over austerity measures 2011-2012
08/14/2010
Grouped Articles
U.K.'s Labour Party Moves Back Toward Socialist Ideas
Wall Street Journal 09/25/2013
U.K. Politicians Vie to Address Fall in Living Standards
Wall Street Journal 11/18/2013
Radical Britain: The unlikely revolutionary
Economist 08/14/2010
Universities in Britain Brace for Cuts in Subsidies
New York Times 10/15/2010
Britain Details Radical Spending Cuts, Citing Debt
New York Times 10/20/2010
New York Times 10/21/2010
Mario Draghi, head of the ECB, and the eurozone crisis with Italian bond yields approaching 8% in Dec. 2011
11/10/2011
Draghi addresses the issue of large scale purchases of bonds of Italy and Spain to ease pressure on bond yields, by leaving open the possibility of action if the EU countries take the necessary steps for a strict budgetary framework.
Grouped Articles
Return of Long-Term Bond Buyers Seen as Crucial to Europe
New York Times 06/29/2012
German Court to Weigh Bond Buying by E.C.B.
New York Times 06/10/2013
Europe Bonds May Offer More Value
Wall Street Journal 08/23/2013
Euro Strengthens as Fears Fade
Wall Street Journal 01/12/2013
Bonds of Italy, Spain Narrow Gap With U.S., German Yields
Wall Street Journal 04/09/2014
As Bond Markets Twist, Investors Shout
Wall Street Journal 06/10/2014
Italy's Mario Draghi, as the new president of the ECB
04/20/2011
Grouped Articles
ECB Moves Markets, Not Economy
Wall Street Journal 05/03/2013
Bonds of Italy, Spain Narrow Gap With U.S., German Yields
Wall Street Journal 04/09/2014
Italian Gains Support in Central Bank Race
Wall Street Journal 04/20/2011
Paris Backs Italy's Draghi as Europe's Central Banker
Wall Street Journal 04/27/2011
German Paper Finds Draghi Not So Bad After All
New York Times 04/29/2011
Trichet to Leave a Difficult Legacy at Central Bank
New York Times 05/31/2011
Mario Monti, head of Italy's new government, on the conviction that austerity measures in the absence of growth won't work
12/15/2011
Linked Articles
Italy Leader, Monti, Tells Germany Austerity Isn't Enough
New York Times 01/11/2012
Leaders Grow Further Apart on Solutions
Wall Street Journal 12/15/2011
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