Merkel urges Italy to avoid anti-spread shield

Chancellor has confidence in Italy's ability to weather crisis

Merkel urges Italy to avoid anti-spread shield

(ANSA) - Rome, August 30 - German Chancellor Angela Merkel said that she believed Italy can make it "even without resorting to the anti-spread shield" and urged Prime Minister Mario Monti to "make it through the crisis with its own (national) resources," said Italian government sources on Thursday. Monti met with Merkel Wednesday in Berlin to discuss the economic situation in the eurozone, reforms in Europe, the crisis in Greece and the so-called spread shield that would allow EU rescue funds to be used to support the bonds of countries facing soaring borrowing costs. "So long as it follows the path to reform it has already undertaken, Italy can make it on its own," Merkel said at a press conference following meetings Wednesday.

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