Madrid

Monti underlines progress to shore up euro

Italian PM calls for appreciation of EU's 'miracles'

Monti underlines progress to shore up euro

Madrid, October 29 - Italian Premier Mario Monti reaffirmed the European Union's progress on shoring up the euro after a meeting with Spanish Premier Mariano Rajoy in Madrid on Monday. "The EU summits in June and October produced important, decisive decisions that gave a strong signal on the determination of the EU to preserve the integrity of the euro," Monti told reporters after the summit. "It is easy to criticize the slow pace of European decisions but one must also be aware of the 'miracles' (EU countries) are making," added Monti. "There is perfect synchrony and common analysis of the situation that afflicts the eurozone, as well as the means and instruments for the EU to adopt," Rajoy said.

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