"Worried" (Mario) Monti calls for support from Italy's parties

Reuters ^ | Tue Jun 12, 2012 6:37pm EDT | (Reporting by Gavin Jones; Editing by Jon Hemming)

[Olog-hai]

Italian Prime Minister Mario Monti met the leaders of the parties backing him in parliament on Tuesday and called on them to give their unified support to help Italy through current market turmoil.

Monti said in a statement he was "worried by the situation of emergency" on financial markets, and had told the party chiefs that "cohesion" was needed "to overcome the critical situation and give an image of unity abroad".

Italian borrowing costs have risen sharply since the weekend agreement by eurozone finance ministers to lend up to €100 billion to recapitalize Spain's banks, with speculation rife that Italy may be the next large country to seek a bailout.

Monti told German radio station ARD that Italy would not need to ask for any financial assistance.

Yields on Italian 10-year benchmark bonds touched 6.3 percent on Tuesday, the highest level since January.

Monti's approval ratings have fallen sharply in recent months, he is increasingly criticized by the parties in the right-left coalition that makes up his ruling majority, and many economists say that his reform efforts have lost momentum. …

[Olog-hai]

Everyone loves an appointed leader, don't they. I say this is indeed prelude to a bailout loan . . . all the leaders are conspiring to create this indebtedness in order to force the "political union" on the EU.

[familyop]

Bond collapse rolling our way. After so many foreign investments stuffed into our dollar (globalist dollar party murdering our manufacturing), we’re really going to get it.

[ClearCase_guy]

all the leaders are conspiring to create this indebtedness in order to force the "political union" on the EU.

I think that's becoming pretty apparent. The whole tone of the discussion seems to have changed, and I sense that the political union is the only thing they are really focusing on at this point. "If they give you lemons, make lemonade" -- for some folks over there, the financial problems are very real, but on the other hand, the financial problems become a method to force Europe into hegemony.

[iopscusa]

Mario is the Goldman black hand for Italy, “Goldman Sachs Rules The World; Bank of England Next!”