Geithner backs Monti, says U.S. has faith in Italy


Milan, 8 December - United States Treasury Secretary Timothy Geithner said America backed Italian Premier Mario Monti's efforts to lift his country out of its debt crisis.''I brought our support for the premier and the country for the efforts being made,'' Geithner said after meeting Monti before the Italian prime minister travels to Brussels for a major summit of European Union leaders in Brussels on the eurozone crisis.''Mario Monti has a great deal of credibility in Europe and around the world''. Monti presented a tough package of measures on Sunday that aims to restore market confidence in Italy's ability to put its public finances in order and start slashing a debt mountain that amounts to around 120% of GDP.Geithner praised Monti's ''strong programme of economic reforms'' and said he was sure that ''Italy will return to growth in the future, not just in Europe, but also in the rest of the world''.For his part, Monti said he was hopeful his package would be approved by parliament soon. (ANSA)



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