Bloomberg News

Monti Says He, Merkel Agree Fiscal Rectitude Key for Euro Bonds

February 05, 2012

Feb. 3 (Bloomberg) -- Italian Prime Minister Mario Monti said he and German Chancellor Angela Merkel agree that fiscal discipline is a precondition necessary before any collective euro bonds could be issued in the single-currency region.

While “Merkel and I differ on the role euro bonds may have today, we agree on the fact that once the mechanism of budget discipline is further finalized in Europe -- and the agreement reached in Brussels on Monday goes in this direction -- we may be able to look more serenely, also from Germany’s side, at the introduction of the euro bonds,” Monti said.

At that point, “the euro will be even more strenghtened,” Monti said in an interview broadcast today on the website of newspaper la Repubblica.

To contact the reporter on this story: Lorenzo Totaro in Rome at

To contact the editor responsible for this story: Jeffrey Donovan at

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