Bloomberg News

Euro Leaders Say Italy Won’t Need Bailout, Juncker Tells Spiegel

July 15, 2012

All 17 euro-area government leaders don’t expect Italy to need a sovereign bailout, Luxembourg Prime Minister Jean-Claude Juncker was quoted as saying in an interview with Der Spiegel.

If Italy did request a rescue, it would have to submit it to existing European oversight procedures, the German weekly quoted Juncker as saying in comments published today. He didn’t elaborate on the oversight measures.

To contact the reporter on this story: Tony Czuczka in Berlin at aczuczka@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net


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