The statement of Austria´s Finance Minister Maria Fekter argued yesterday that Italy may need help by the ESM. Fekter support that the rising interest rates on Italian sovereign bonds. The IPR wrote before that Italy faces problem with its economy. European economic analysts wonder how Italy will come up against its public debt quota reached 120.1% in 2011.
Today Prime Minister of Italy Mario Mody responted: "I think it is completely inappropriate that a Finance Minister comments on the financial situation of another member country. And it is particularly inappropriate how she did it".
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