Italys Monti Warns Europe Could Fall Apart

Italys Monti Warns Europe Could Fall Apart

August 6, 2012

Monti Calls for More Crisis-Fighting Urgency in ECB Standoff
Gregory Viscusi and Rainer Buergin

Italy’s Prime Minister Mario Monti warned of a potential breakup of Europe without greater urgency in efforts to lower government borrowing costs, as a stand-off over European Central Bank help for Italy and Spain hardened.

Monti, in an interview with Germany’s Der Spiegel magazine published yesterday, said that disagreements within the 17- nation euro area are detracting from the policy response to the debt crisis and undermining the future of the European Union

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