EX Goldman Mario Monti meets today with "Mutti" Merkel and "Cavalier" Sarkozy

Discussion in 'Wall St. News' started by ASusilovic, Nov 24, 2011.

  1. Italian Prime Minister Mario Monti may press German Chancellor Angela Merkel and French President Nicolas Sarkozy to ease euro-area budget goals and assist growth as Europe’s economy comes to a standstill.

    Monti, whose non-elected government was sworn in last week, said he’s been asked to bring “new ideas” to today’s talks over lunch in Strasbourg, France, which will be followed by a news conference scheduled for 2 p.m. Paris time. Monti, a former European commissioner, has pledged to pair economic growth with fiscal rigor to shield the region’s second-most indebted nation after Greece from the financial crisis.

    “There’s no contradiction between rigor and growth pursued through structural reforms,” Monti said on Nov. 22 after talks in Brussels with European Commission President Jose Barroso and EU President Herman Van Rompuy. “Budgetary sustainability actually needs to be supported by greater economic growth.”