Monti’s Cabinet Discussed Possible Bond-Buying Request
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Prime Minister Mario Monti’s Cabinet held “lengthy” discussions on a possible request for the euro-region’s bailout funds to buy its bonds and doesn’t expect Italy to be subject to additional conditions in return for aid, a government minister said.
“We still have some time to discuss it; we will see what the conditions will be,” Education Minister Francesco Profumo said in an interview today in Rome, when asked whether Italy would make a request in September. “We have a profound understanding and I believe we have the instruments to take decisions.”