Italy, Spain to coordinate action against debt crisis: Monti

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Italian Prime Minister Mario Monti told Spain's premier-elect Mariano Rajoy on Wednesday that he wanted coordinated action to fight the eurozone debt crisis together with Madrid.

Monti congratulated Rajoy on his election victory and said he hoped for a meeting "as soon as possible," the Italian government said in a statement detailing a phone call Monti made.

The talks "would continue the close coordination of our positions to confront together the challenges of the international economic situation."

Rajoy agreed with Monti, who also invited the Spaniard to come to Rome.

Technocrat Monti, a former European commissioner, was installed last week after Silvio Berlusconi's abrupt resignation and has said he aims to cut debt and promote growth to restore Italy's economic credibility.

Rajoy won a resounding victory in elections on Sunday and will take officially next month as Spain struggles to put its public finances in order.

© 2011 AFP

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