Monti Warns Italy Risks Anti-Euro Shift Without Action on Spread
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Italy risks a public backlash that could lead to an anti-euro government in the region’s third-biggest economy should European policy makers fail to bring down borrowing costs, said Prime Minister Mario Monti.
Monti made the remarks in Finland during a three-nation tour aimed at challenging his European Union colleagues to back his fight to lower the extra yield investors are imposing on Italian and Spanish government debt. Spain and Italy are now in focus as they suffer contagion from the debt crisis that erupted in Greece almost three years ago.