Italian PM in talks with Crisis Hit Countries

The leaders of Italy and Greece are insisting on the “absolute need” to preserve the eurozone, as Greek politicians struggle to put together an austerity package critical to the country’s financial survival.
Italy’s Premier Mario Monti met Friday with Greek Prime Minister Antonis Samaras on the sidelines of a political conference in Rome. A statement from Monti’s office said the two leaders reiterated their conviction of “the absolute need to safeguard the integrity of the eurozone, stabilize markets and proceed in the process of European integration.”
Samaras’ coalition government has yet to agree on details of €11.5 billion ($15 billion) worth of cuts so the country can get bailout cash. Without the money, Greece might default and abandon the euro.
Monti was later meeting the leaders of Ireland and Spain.

via Yahoo Finance

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza