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12%  
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  • Euro 'not in crisis': Italian PM

    01/08/2012 5:03:53 PM PST · by Olog-hai · 16 replies
    EUBusiness.com (AFP) ^ | 08 January 2012, 23:07 CET
    Italian Prime Minister Mario Monti on Sunday rejected talk of a euro crisis and said Rome was open to the idea of a tax on financial transactions championed by France—but only if the measure was part of an EU-wide effort. "The euro is not in crisis, the currency has solidly maintained its exchange rate with the dollar," Monti said on RAI 3 public television, adding that Italy's "banking system is not under threat". "The problem we are facing is that some EU countries have a public debt crisis," he said. "Our crisis is a systemic crisis." Monti, a former European...