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Thursday, July 12, 2012

''Monti refuses to rule out Italy using rescue funds''

From Ansamed

''Premier Mario Monti on Tuesday confirmed that he has no intention of standing at next year's general elections after the end of the term of his emergency government of non-political technocrats. He also refused to rule out the prospect of Italy using EU rescue funds, but stressed this would only be to support its bonds in the case of soaring borrowing costs and that there was no question of it needing a Greek-style international bailout. "I exclude the possibility, at least as far as I'm concerned, of considering taking the experience in government beyond the deadline of the next elections," Monti, who is also Italy's economy minister, told a press conference at the end of an Ecofin meeting of European finance ministers.''

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