Thursday, March 29, 2012

Italy blames Germany, France for eurozone debt culture

The eurozone's two biggest economies had not "abided" by the currency area's deficit rules, thus setting a "bad example" for the rest of the continent.

If the father and mother of the eurozone are violating the rules, you  cannot expect countries such as Greece to be compliant."

The 17-nation eurozone is struggling to avoid collapse in the face of a debt crisis that has driven Greece to the brink of bankruptcy and has engulfed Portugal, Ireland and Spain. Italy is close to being dragged into the mire, needing at least 750 billion euros to finance its debt this year.

http://www.dw.de/dw/article/0,,15841979,00.html?maca=en-rss-en-all-1573-rdf