* Italy PM says wanted bigger EFSF but several countries
* Criticises Cameron, says UK "contemptuously excluded
ROME Dec 11 Italian Prime Minister Mario
Monti said Germany and other countries will eventually be
convinced that commonly issued euro zone bonds are a useful way
of tackling the region's debt crisis.
"I believe we have enough arguments to convince the
Germans," Monti told Euronews in a television interview.
He said Germany should understand it is better to commonly
issue debt as a "deliberate and conscious act, rather than as an
afterthought and in a way forced, through the purchase by the
European Central Bank of bonds of countries in difficulty".
Monti said he regretted that European leaders had not agreed
to increase the European bailout fund (EFSF) by more than 500
billion euros ($668.25 billion)at last week's meeting in
A more substantial firewall would have been a better
guarantee against market tensions, he said, adding this had been
blocked by several European countries that "have a very limited
view of what is the common interest".
He called the result of the summit "not optimal but very
good" and criticised British Prime Minister David Cameron, who
refused to sign up to a commitment by the other 26 EU countries
to draft a new treaty with tougher fiscal rules.
"If the UK hadn't contemptuously excluded itself it would
have been a United Kingdom that counts for more, with more
influence," Monti said.