Bloomberg News

Monti Tells CNN Deal With Draghi Wouldn’t Be Loss of Sovereignty

September 26, 2012

Italian Prime Minister Mario Monti said his country would retain independent political authority even if it gets aid under European Central Bank President Mario Draghi’s bond-buying program, according to a CNN interview.

“I hope therefore that, number one, we will not need to ask for the use of that instrument,” Monti said late yesterday in a televised interview in New York. “But secondly, if we had to, that is devised in such a way that it would not amount to a surrender of sovereignty.”

To contact the reporter on this story: Andrew Frye in Rome at

To contact the editor responsible for this story: James Hertling at

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