• Says he had hoped his government reforms would have lead to quicker decline in Italy’s borrowing cost.
  • Says current yield levels mainly due to external euro tension .
  • Sees the end of Italy’s economic crisis getting closer, situation was worse last year.
  • Tax evasion fight to boost confidence in state .
  • Tax evaders ‘destroying ‘societies , not smart.
  • ‘ Tragedy’ if euro became a factor of disruption.
  • Looks to support longevity of euro .
  • Must not pit North against South .

As Gerry stated earlier , “one size does not fit all.”

bbg/rtrs