The crisis in the euro area, predictions for Italy

 The debt crisis in Italy is set back in focus. In an interview with Italian newspaper "Il Sole 24 Ore", European Central Bank chief Jean-Claude Trichet, called for Italy to be put in the savings package to reduce the debt crisis.

The government in Rome in early August announced savings measures with a volume of 45.5 billion euros, but a few days ago decided changes in the package.

Events in Italy closely monitored by Brussels, and a spokesman for the monetary policy of the Commissioner, Olli Rehn, said the savings goals adopted in Italy are in doubt.


While there was positive news for Ireland and Portugal at a time when the IMF approved the next tranche of the loan. Both the EU gave the green light for further financial support for Ireland
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