A collapse of Italy’s economy would mean a collapse of the euro, the Italian Deputy Prime Minister Antonio Catricala told Il Messaggero in an interview.
“Europe and our partners shouldn’t act to help us, but to help themselves,” Catricala was cited as saying in the daily newspaper. “Only a stronger and more united Europe has a future.”
The cost of borrowing on the markets for Italy has risen toward the level that prompted Greece, Ireland and Portugal to request outside financial aid amid mounting concern the euro- area sovereign-debt crisis is spreading to the region’s larger economies.
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