Italian Prime Minister Mario Monti said European Central Bank President Mario Draghi’s plan to buy the sovereign bonds of euro-area nations in distress will help stem the region’s debt crisis.
“I see an important moment, an important step forward,” Monti said today at a press conference in Rome. The plan leads “toward a more satisfying governance of the euro zone.”
To contact the reporter on this story: Andrew Frye in Rome at firstname.lastname@example.org
To contact the editor responsible for this story: James Hertling at email@example.com