Euro open the week higher as lifted by comments from Italian Economy Minister Giovanni Tria as he ruled out Euro exit.
Tria said in interview by Corriere della Sera newspaper that “the position of the government is clear and unanimous” and “there is no question of leaving the euro.” And, “the government is determined to prevent in any way the market conditions that would lead to an exit materializing”.
He added that “it’s not just that we do not want to leave, we will act in such a way that the conditions do not get anywhere near to a position where they might challenge our presence in the euro.”
Regarding economic fiscal policies, Tria said “our goal is growth and employment. But we do not plan on reviving growth through deficit spending.” And he emphasized that “these will be fully coherent with the objective of continuing on the path of lowering the debt/GDP ratio.”
