Italian Prime Minister Mario Monti and Greek Prime Minister Antonis Samaras met on Sept. 21 and agreed that it was “absolute necessity to safeguard the integrity of the euro area,” the Italian government said, referring to the troubled Eurozone of the 17 countries using the euro as a currency.
The Greek financial crisis is threatening the integrity of the financial bloc but Monti, a technocrat who is trying to salvage his country’s economy too, Samaras’s efforts to make more deep pay cuts, tax hikes and slashed pensions and “encouraged the Greek government to continue in the same direction – consolidating public finances and enacting all the necessary reforms,” the note said.
Samaras was in Rome for a meeting of leading European Christian Democrat and centrist politicians, taking a break from trying to convince the reluctant partners in his uneasy coalition government to go along with more austerity measures aimed primarily at workers, pensioners and the poor.
(source: dow jones)
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