Vientiane (Laos)

Monti says public finances a priority whoever wins in U.S.

Italian premier warns investor faith in dollar can crumble

Monti says public finances a priority whoever wins in U.S.

Vientiane (Laos), November 6 - Italian Premier Mario Monti said Tuesday that restoring health to the public finances should remain a priority in the United States regardless of whether President Barack Obama or Republican candidate Mitt Romney wins the presidential elections there. He warned, however, the investor confidence in the dollar could crumble quickly if this is not the case. "Attention on issues regarding America's public finances will remain high whoever wins the elections," Monti, whose emergency government has passed austerity measures to steer Italy out of the centre of the eurozone crisis, told a press conference at the Asia-Europe Meeting (ASEM) in Laos. "But while the dollar continues to be the (world's) reserve currency and there continues to be a propensity for the private and public international portfolios to have large quantities of public debt, this does not mean that things can't change quickly".

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