Italy Hurt by ‘Irrational Speculation,’ Hoyer Tells La Stampa
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Italy was the victim of “irrational speculation” in the financial markets last week, German Deputy Foreign Minister Werner Hoyer told La Stampa, saying the country can balance the budget by 2014 and its banks are sound.
Italy “approved an adjustment plan which will now be debated in parliament,” Hoyer said in an interview with the Turin-based newspaper.