Eurobonds are "better" than the purchase of government bonds by the ECB. Word of Mario Monti, president of the Bocconi University, who underlines how the biggest fans of debt bonds in the entire eurozone should be Germany, the best economy in the entire eurozone and therefore more reluctant to accept the possible novelty. Instead, it is "extremely dangerous" that the supporters of the new instruments "are above all Italians and Greeks. I personally - the president revealed - begged the Greek minister in a very fervent way not to say a word in favor of the Eurobonds".
Monti imagines addressing the Germans to ask them a precise question: "Will the day when the ECB has to go to the countries to ask for capital be a good moment for Germany?". The answer is “no, then better eurobonds“. As for Italy, “the demands for growth are now essential, because otherwise the prospects for public finances will also remain fragile. I can assure you that I don't like to create alarm, but when I've done it in the past, I haven't regretted it”.
Delicate conditions, which according to the economist Italy is not facing at its best. "I'm not saying it will happen - he continued - but it would be negative if Italy, engaged in completely different problems, with a prime minister and an economy minister who I don't know if they talk to each other but they don't seem to work in unison, was at the origin of those problems”.
Monti concluded by emphasizing that “the Greek problem is now considered to be under control, either in partial or in total default. But there is a serious concern: if it touches larger countries, such as Spain and Italy, the ammunition would not be sufficient”.
