New technocrat-led governments in Greece and Italy, are getting down to business to tackle their massive debts. Italy's Prime Minister-designate says it's too early to determine how his country will cope with more anti-crisis measures, but is warning people of sacrifices ahead. Mario Monti is trying to rally parties for support. Some want him to go once reforms are pushed through, although the former EU commissioner plans to stay until the 2013 election. But the clock's ticking for Greece - with the new Prime Minister heading up a 15-week coalition. Lucas Papademos faces a confidence vote on Wednesday, and says securing the next bailout is the priority, and that his country must stick with the Euro. Our business editor Nick Pool explores how the single currency's flaws have led some countries to ruins, rather than riches.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment