Skip to content
Subscriber Only

Euro Leaders Demand Austerity as Italy Nears New Vote

European leaders demanded that euro members press on with budget cuts to end the debt crisis as Italy edged closer to a new election after an anti-austerity vote last week resulted in political deadlock.

Finance ministers from the 17-member single-currency bloc are meeting in Brussels today to discuss issues including a bailout for Cyprus. In Rome, a top aide to Democratic Party leader Pier Luigi Bersani said another election may take place this year after passage of new electoral laws, while members of Beppe Grillo’s faction said they were considering a walkout aimed at breaking the gridlock.