Italian PM, Mario Monti, announced that 'the Euro is not in
crisis' as the common currency manages to maintain its exchange rate versus the
USD.Moreover the banking system of Italy
stabilizing and is not under threat, he added. He also claimed the problem of
the EU is high level of public debt that is a systematic crisis. The speech
came after UniCredit announced it plans to raise EUR7.5bn to meet capital requirements
that weighted down on the bank's share price.
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