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Amid crisis, leaders of Germany, France, Italy and Spain meet in Rome - The Washington Post
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Italy's prime minister, Mario Monti, in an interview with Britain's Guardian newspaper, June 22, 2012, says the detailed blueprint for action will not come out of the meetings in Rome of European leaders at the end of June. But he added: "there will be some strong elements and a short road, I hope, short, a few months, to get from there to the overall project." Separately Christine Lagarde, head of the IMF, said after meeting European financial leaders in Luxembourg: "A determined and forceful move towards complete European monetary union should be reaffirmed in order to restore faith. At the moment, the viability of the European monetary system is questioned." Monti is a former senior EU official, and Christine Lagarde was France's finance minister under president Sarkozy. The difference now compared to meetings in 2010, is the changes in France, Italy, and Spain, and at the IMF, with new leaders Hollande in France, Monti in Italy, and Rajoy in Spain, and Lagarde at the IMF, and a new context in that the austerity policies by themselves are seen as failing to produce the desired results. A further change in the dynamic is the win by Social Democrats in regional elections in Germany and Hollande opening a dialogue with the German Social Democrats. The dialogue with Merkel has been enhanced by appointing seasoned EU officials in key positions in the Hollande administration in anticipation of a tighter fiscal union in the EU.
Italian prime minister, Mario Monti, on why the European Union will endure regardless of the outcome in Greece
02/10/2012
Mario Monti tells the editors of the New York Times in an interview, that the EU will endure because it was in the interests of Germany. Competitive devaluations if countries left the EU would have an enormous harmful impact on Germany. Germany send two thirds of its exports to EU countries. Monti says even if Greece were to exit the euro the EU will endure. The vision of a united Europe continues to shape its politics.
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Mario Monti put it best when he said he could visualize a situation where a country has improved its competiiveness and fiscal balance but cannot find consumers to buy its goods.
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Mario Monti, as head of the new Italian government in November 2011
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France and Germany Face Delicate Talks on Economy
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Amid crisis, leaders of Germany, France, Italy and Spain meet in Rome - The Washington Post
Washington Post 06/22/2012
Mario Monti of Italy and the plans for a sounder monetary union in Europe
06/22/2012
The discussions in Rome between Mario Monti of Italy and the leaders of Germany, France, Spain, at the end of June 2012. Monti as respected mediator between the different sides and positions and the importance of productive discussions to the future of the Euro and the economies of Europe.
Linked Articles
Why Monti, despite Merkel, could prove the euro’s best hope - The Washington Post
Washington Post 06/24/2012
Amid crisis, leaders of Germany, France, Italy and Spain meet in Rome - The Washington Post
Washington Post 06/22/2012
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