“(Reuters) – Italy said on Tuesday it may want to tap euro zone aid to ease its borrowing costs as finance ministers struggled to convince markets they are getting a grip on the bloc’s debt crisis, which a top European Central Banker said could escalate.
Prime Minister Mario Monti, who is under intense market pressure to shape up his economy and avoid being drawn into the center of the debt crisis, said Italy could be interested in tapping the euro zone’s rescue fund for bond support.
“It would be hazardous to say that Italy would never use (this mechanism),” he said after a meeting of European finance ministers in Brussels. “Italy may be interested.”
If you enjoy the content at iBankCoin, please follow us on Twitter
