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Debt crisis: Germany caves in over bond buying, bank aid after Italy and Spain threaten to block 'everything'

Publié par Clifford Armion le 29/06/2012

Bruno Waterfield

On Thursday night, Italy and Spain plunged an EU summit into disarray by threatening to block “everything” unless Germany and other eurozone countries backed their demands for help.
Mario Monti, the Italian Prime Minister, celebrated the agreement, reached in the early hours of Friday, as a “very important deal for the future of the EU and the eurozone”.
He could not resist reminding Angela Merkel, the German Chancellor, that Italy had also won on the football pitch, by defeating Germany two goals to one for a place in the finals of the European Championship.
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Pour citer cette ressource :

"Debt crisis: Germany caves in over bond buying, bank aid after Italy and Spain threaten to block 'everything'", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), juin 2012. Consulté le 22/09/2021. URL: http://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/debt-crisis-germany-caves-in-over-bond-buying-bank-aid-after-italy-and-spain-threaten-to-block-everything-