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Merkel, Monti Agree ‘Will Do Everything’ to Protect Euro

July 29 (Bloomberg) -- German Chancellor Angela Merkel and Italian Prime Minister Mario Monti agreed that the European Union’s summit conclusions last month must be implemented “as quickly as possible” after speaking by phone yesterday.

Merkel and Monti “agreed that Germany and Italy will do everything to protect the euro area,” German government spokesman Georg Streiter said in an e-mailed statement today in Berlin. Monti agreed to travel to Berlin for talks with Merkel in the second half of August, Streiter said.

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To contact the editor responsible for this story: Patrick Donahue at pdonahue1@bloomberg.net

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