Berlusconi says some countries may have to leave euro
ROME (Reuters) - Former Italian Prime Minister Silvio Berlusconi, who is seeking his fifth term in government, restated on Tuesday that some countries may be forced to leave the euro zone if the European Central Bank does not become a lender of last resort.
"The euro is a weak currency because it does not have a central bank to support it," Berlusconi told daily Corriere della Sera's internet television.
"If it continues to not have a bank to guarantee government bonds and is not prepared to print money, some countries may be forced to return to their national currency," he said.
The 76-year-old media tycoon has made similar remarks in the past about the possibility of Italy, or even Germany leaving the euro, but has often at least partially rectified them later.
(Reporting By Catherine Hornby)
- Ukraine forces kill up to five rebels, Russia starts drill near border |
- Boy and girl on Korean ferry drowned with life jackets tied together |
- Apple's China success sets stage for iPhone 6, new products
- Children's corpses reveal desperate attempts to escape Korean ferry |
- Zimmer to buy Biomet for $13.35 billion in latest consolidation