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Italy's Monti Hopes Summit Win Plays at Home

Wall Street Journal Original article ›

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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

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.

Grouped Articles

Italy's Monti Hopes Summit Win Plays at Home

Wall Street Journal 06/29/2012

Italian Prime Minister’s Political Acrobatics

New York Times 04/28/2013

Italian Left Bolstered by Showing in Mayoral Races

Wall Street Journal 06/11/2013

‘The European Union needs Italy’ - The Washington Post

Washington Post 10/18/2013

Crisis of the Eurocrats

New York Times 05/22/2014

Italy’s Leader Is Optimistic About Greece and Euro

New York Times 02/10/2012


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