Rome

Monti, Kenny vow to consolidate reforms

ECB bond-buying plan, German court OK to ESM 'decisive steps'

Monti, Kenny vow to consolidate reforms

(ANSA) - Rome, September 21 - Italy and Ireland on Friday vowed to consolidate reforms to help stem the eurozone crisis. Premiers Mario Monti and Enda Kenny said after talks in Rome the two countries "believe that in order to preserve eurozone stability in a lasting way we must continue reforms...and consolidate important results". The European Central Bank's recent announcement of an unlimited bond-buying programme and the German Constitutional Court's subsequent approval of the eurozone's ESM permanent bailout mechanism were, together, "a decisive step towards the stabilisation of the euro," they said, Monti and Kenny agreed on the need for a "swift implementation" of June's European Council agreements to stabilise markets and ease the borrowing costs of countries like Spain and Italy which have come under speculative attack.

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