InfoAnda - Italy presses Germany for more crisis flexibility |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Loved and loathed, Lana Del Rey set to face the music | | 28 January 2012
North Korea says agrees more U.S. talks | | 1 August 2011
Court says FAA can't be held liable in Ill. crash | 2 May 2009

S.Korean won extends falls; recession fears grow | 12 November 2008

Forum Views () Forum Replies ()

Read more with google mobile : Italy presses Germany for more crisis flexibility |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Frederick Kempe Christopher Papagianis Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Full Focus Editor's Choice Our best photos from the last 24 hours. See more Images of April Follow Reuters Facebook Twitter RSS YouTube Read Florida nabs white supremacists planning "race war" 08 May 2012 Russian Sukhoi plane missing on test flight in Indonesia 12:23pm EDT New Greek poll looms as government efforts founder | 10:54am EDT Would-be suicide bomber was U.S. informant 11:46am EDT Qaeda bomber adept at breaching aviation security 6:30am EDT Discussed 154 One in seven thinks end of world is coming: poll 124 Obesity fight must shift from personal blame: U.S. panel 75 April hiring seen picking up Watched World's rarest gorilla makes camera-trap debut 9:11am EDT Hungry zoo lion faces off with unfazed toddler Thu, May 3 2012 Windy weather makes for dramatic plane landings in Spain Thu, Apr 26 2012 Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Photo focus: Illumination Exposing for the light often creates a dramatic focal point in the image. Slideshow Syrian uprising A look inside Syria as mass protests against President Bashar al-Assad give way to armed rebellion. Slideshow Italy presses Germany for more crisis flexibility Tweet Share this Email Print Related News Euro tumbles to multi-month lows on Greece, Spain banks 10:07am EDT Euro slips for seventh day versus dollar; politics weigh Tue, May 8 2012 GLOBAL MARKETS-Uncertainty over Europe hits euro, shares slip Tue, May 8 2012 Anti-austerity ballot backlash rattles euro zone Mon, May 7 2012 Markets, Germany wary as Hollande wins in France Mon, May 7 2012 Analysis & Opinion Let Germany inflate while others deflate Europe’s new, suicidal normal Related Topics World » Italy » By James Mackenzie and Paul Carrel FLORENCE, Italy/FRANKFURT | Wed May 9, 2012 12:14pm EDT FLORENCE, Italy/FRANKFURT (Reuters) - Italy pressed for a relaxation of German policy orthodoxy on Wednesday as Prime Minister Mario Monti and a senior central banker urged Europe to go beyond the rigid focus on budget discipline demanded by Berlin in the financial crisis. Monti, who has taken a leading part in urging more emphasis on growth, repeated his calls for adjustments to budget rules to allow more investment spending by governments and said he believed jointly issued eurobonds would come eventually. Speaking at a conference organized by the European University Institute, he acknowledged that much work had still to be done to overcome German objections, which he said were based on a conception of economics that saw growth as the reward for virtuous policy making. "Any creative, imaginative, thought-provoking theory and policy which may lead to more growth through some subversion of this moral economic identity, has at the very least to be well explained in order to gain German minds and, even more difficult German hearts, and I'm not speaking of German pockets," he said. Although Monti repeated his commitment to budget discipline and called for a strengthening of the single market, his comment underlined growing anti-austerity pressure in Europe after French Socialist Francois Hollande's election victory and the losses suffered by the big parties in Greece. Monti, an unelected former European commissioner, gave a cautious welcome to the new French president and the greater insistence he has placed on growth but he added that he hoped Paris would also maintain sound finances. "We want to find ways towards growth in Europe that are not contrary to the principle of budget discipline," he said. German Chancellor Angela Merkel has stuck to demands that heavily indebted southern European states governments obey the strict budget rules agreed under the EU's so-called fiscal pact but the victory of Hollande and the turmoil in Greece has brought a sharp change in the climate. MORE ACTIVE ECB ROLE Speaking at the same conference, Bank of Italy Director General Fabrizio Saccomanni called for the European Central Bank to be more active in fighting the euro zone crisis, a rare push by one of the bloc's central bankers that quickly ran into resistance from Germany's Bundesbank. "I think the ECB should play a more active role and should be allowed to play a more active role in market stabilization," Saccomanni said. His comments took on particular significance as Spanish sovereign bond yields broke above the psychologically important 6 percent level, with investor concerns growing about Spain's banking system and Greece's political future. Saccomanni told reporters the ECB's non-conventional tools such as bond buying and liquidity operations had proved their worth despite criticisms from some quarters when they were agreed in the face of strong opposition from the Bundesbank. The ECB has faced renewed pressure over its role from France, where President-elect Francois Hollande has called on the central bank to lend to struggling euro zone states via the region's bailout fund. The Bundesbank is leading opposition on the ECB's policymaking Governing Council to such pressure and the German national central bank kept up its mantra on Wednesday in a statement that was directly at odds with Saccomanni's comments. "The real causes of the sovereign debt crisis cannot be solved by monetary policy," it said in a statement prepared for a German parliamentary hearing on the crisis. The Bundesbank stressed the importance of separating monetary and fiscal policies in order to maintain the independence of the Eurosystem of euro zone central banks and confidence in the euro currency. "In this respect, the balance sheet risks of the Eurosystem must henceforth be held within limits and an exit from unconventional monetary policy kept in view," it added. (Editing by Jeremy Gaunt) World Italy Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Wednesday, 9 May 2012
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
Would-be suicide bomber was U.S. informant |
Cameron says Euro needs single government: report |
Greek leftist holds coalition talks, effort seen doomed |
Syria rebel leader threatens to resume attacks: paper |
Spain wants banks to find an extra $45 billion: sources |
Exclusive: China considers delay of key party congress: sources |
Britain seeks delay to EU's Iran ship insurance ban |
Algerians skeptical election will bring change |
Citizen backlash keeps Malaysia rare earth plant on hold |
Judge throws out Proview's iPad suit vs Apple |
Softbank, PayPal form Japan JV, target iPhone users |
Yahoo director who led CEO search won't seek re-election: source |
Sprint announces new mobile ad policy |
Twitter fights request for Occupy protester's data |
AT&T plans small cell tests around year end |
Alternatives to Youtube catch on with mobile crowd |
SingTel's Amobee buys Silicon Valley ad startup |
Facebook changes IPO pitch in Boston, scraps video |
RIM fills long-vacant chief marketing job |
Second masseur accuses John Travolta of sexual battery |
Avengers to return to big screen in sequel |
Jermaine Paul crowned season winner on The Voice |
Duel Dancing elimination sees Fegan, Gilbert depart |
TV, film industry brings windfall to New York, mayor says |
Where the Wild Things Are author Maurice Sendak dies |
CBGB's looks for new location, plans NY music festival |
Utah judge to decide fate of child TV star Gary Coleman's estate |
Dustin Hoffman joins roll-call of celebrity heroes |
Russian Sukhoi plane missing on test flight in Indonesia |
Putin promises a strong Russia on world stage |
Italy presses Germany for more crisis flexibility |
Presidential vote splits Egypt's strict Islamists |
UK PM braced for testimony by Rebekah Brooks |
U.N.'s oldest refugee camps look at sensitive upgrades |
Ukraine's jailed Tymoshenko moves to hospital |
Japan's social media heavyweights scrap gambling games |
Depp, Burton bring light comedy to 'Dark Shadows' |
A Minute With: The softer side of Sharon Osbourne |
An Olympics love story that sparked a fashion empire |
Utah judge to decide fate of child TV star Gary Coleman's estate |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01