Just days after Standard & Poor's cut its rating for Italy and eight other euro zone countries, Prime Minister Mario Monti has called on the German government to help his country service its debts.

In an interview with the Financial Times, Monti said it was in Germany's interest to help lower the burden of debt refinancing for Italy and other euro states struggling under heavy debt loads. According to the newspaper, Monti said Europe's north had not sufficiently acknowledged the efforts being made by highly indebted nations to reduce their debt and budget deficits.

"If this strong movement towards discipline and stability is not recognized as taking place, and a certain approach to financial aspects does not gradually evolve, then there will be a powerful backlash in the countries which are being submitted to a huge effort of discipline," Monti told the paper.

Euro countries have profited hugely from the single currency, Monti said, adding: "But Germany perhaps even more than others."

VAVD wrote:

it was in Germany's interest

The Germans are selfish savages with no concept of unity beyond the Vaterland.

'The Hun is always either at your throat or at your feet'.

Sounds like the niggers here in America. "Gibs me dat" - "shit ain't fair".

PopsFrost wrote:

VAVD wrote:

it was in Germany's interest

The Germans are selfish savages with no concept of unity beyond the Vaterland.

Coming from a Brit, this statement carries extra weight, that's for sure!

then there will be a powerful backlash in the countries which are being submitted to a huge effort of discipline," Monti told the paper.

ya think monti

AltesEuropa wrote:

Coming from a Brit

Do you see me misspelling words like 'favor', honor' or 'cauterize'?

No? Get a clue.

Lets keep it real, the US has much more debt than the EU or the Eurozone, as I have pointed out many times before: