Fekter: Italy may need help, Monti: it is completely inappropriate

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". 

Italy, Spain, Cyprus: three problems of European crisis

The economical problems for these three countries continue.

Spain - Italy: The bonds erased their morning profits and spreads rose again.
Spain:  The premium required by investors to hold the ten-year Spanish bonds rose by more than 20 basis points.
Italy: A rise was recorded by the Italian spread, too.
Bloomberg for Italy: "The third highest debt for a developed country after Greece and Japan."
EU official on Dow Jones Newswires for Cyprus: "the eurozone is vigilant about the Cypriot banks and everything is ready for an immediate help".