Monti: Europe shows signs of ‘psychological meltdown’

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Series Details 6.8.12
Publication Date 06/08/2012
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On 6 August 2012 Mario Monti, Italian Prime Minister, in the interview for Der Spiegel expressed his concern about 'psychological meltdown' in Europe which affects different European states in the time of the financial crisis and constitutes a serious threat to European integration. Mr Monti underlined it is important that governments took immediate action even if it means decreasing parliamentary democracy.

With his appeal in the Der Spiegel interview for national leaders to be given greater independence from parliaments in euro bailout decisions, Mr Monti sparked intense anger in Germany. Members of both Chancellor Angela Merkel's government and the opposition labelled Monti's demands 'undemocratic'.

Source Link Link to Main Source http://euobserver.com/economic/117159
Related Links
BBC News, 5.8.12: Italy's Monti warns Europe of 'psychological break-up' http://www.bbc.co.uk/news/business-19136298
EurActiv, 6.8.12: Monti requests moral support, but not cash http://www.euractiv.com/euro-finance/monty-requests-moral-support-ris-news-514230
Spiegel Online International, 6.8.12: Monti Comments Enrage German Politicians http://www.spiegel.de/international/europe/monti-comments-on-parliaments-in-euro-crisis-anger-german-politicians-a-848455.html
La Stampa, 6.8.12: Pride and prejudice (via PressEurop) http://www.presseurop.eu/en/content/article/2478141-pride-and-prejudice
ESO: Background information: Italy and Spain coy over rescue fund aid / Draghi seeks passage through minefield http://www.europeansources.info/record/italy-and-spain-coy-over-rescue-fund-aid-draghi-seeks-passage-through-minefield/
Spiegel Online International, 6.8.12: Interview with Italian Prime Minister Mario Monti 'A Front Line Between North and South' http://www.spiegel.de/international/europe/interview-on-the-euro-crisis-with-italian-prime-minister-mario-monti-a-848511.html
Spiegel Online International, 7.8.12: Monti Clarifies Statements on National Parliaments http://www.spiegel.de/international/europe/monti-clarifies-euro-crisis-statements-on-national-parliaments-a-848662.html
Deutsche Welle, 7.8.12: German euro debate heats up http://www.dw.de/dw/article/0,,16148370,00.html

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