Monti warns bond pressure could lead to Euro-skeptic Italy

Risk of government not in favour of euro, budget discipline

Monti warns bond pressure could lead to Euro-skeptic Italy

(ANSA) - Helsinki, August 2 - Premier Mario Monti on Thursday warned that Italy risked turning Euro-skeptic if its bonds stayed under pressure and its borrowing costs remained high despite efforts to put its economic house in order. "The high level of the (bond yield) spread does not necessarily lead to good policies and economic reforms, but exactly the opposite," Monti told reporters in Helsinki before ending a visit to Finland to travel to Madrid for talks with Spanish Prime Minister Mariano Rajoy. "That's because I can guarantee that if the spread stays at this level for some time, we will not see a pro-Europe government in power in Italy but one that is not orientated towards the euro and in favour of budget discipline". Former European commissioner Monti's emergency technocrat administration is set to make way for a return to a government run by Italy's political parties following elections next year.

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