Democratic Party leader Pier Luigi Bersani turned to former Prime Minister Romano Prodi as a candidate for the Italian presidency after members of his party rejected his first choice, rupturing a rapprochement with Silvio Berlusconi.
The “worst part” of the European debt crisis is over and Greece’s near default has convinced European Union leaders of the need for a common fiscal policy, former EU Commission President Romano Prodi said.
Greek bonds are falling because European Union nations failed to take decisive action to restore confidence in Greece’s finances, former European Commission President and Italian Prime Minister Romano Prodi said.
Italian Prime Minister Silvio Berlusconi ’s era is fading into the “sunset” after his government failed to bring an end to the country’s economic crisis, former European Commission President Romano Prodi said.
Former European Commission President Romano Prodi said Germany will ultimately ensure the survival of the euro, amid concern within Chancellor Angela Merkel ’s coalition about the cost of rescue measures.