Italy backs tough Dutch stance on euro

14th September 2011, Comments 0 comments

Italian Foreign Minister Franco Frattini says he agrees with Dutch Prime Minister Mark Rutte that the EU should toughen up its Stability and Growth Pact. The minister made the remarks in a meeting with Dutch Deputy Foreign Minister Ben Knapen in Rome. “Frattini also things we should bring about strong political obligations with regard to the euro,” Mr Knapen said. He added that Mr Frattini was sympathetic towards the idea of creating a powerful authority to ensure such obligations were met.

It was a good sign that Italy also wants tougher action against countries that fail to stick to agreements on the euro, Mr Knapen added. “On 18 October the European Council will discuss the future of the euro. It is important that a large country like Italy also believes we should operate a stricter policy.”

In a recent letter to the UK financial times, Mark Rutte said “the eurozone needs to introduce mechanisms to ensure that compliance with agreements is an automatic reflex rather than a political choice”. He became the first EU prime minister publicly to raise the possibility of penalising EU countries that fail to meet their obligations by throwing them out of the euro.    

mb © Radio Netherlands Worldwide

© Radio Netherlands Worldwide

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