MARIO MONTI SAYS ESM WILL GET BANK LICENCE

THE Eurozone bailout fund will be given a banking licence to help deal with the currency union’s debt crisis, Italy’s PM Mario Monto claimed yesterday. He also told reporters in Finland that the Eurozone needed to integrate their economic and financial policy more extensively. But the Finnish premier, Jyrki Katainen, said Finns see bailouts as unfair, as they kept to budget rules and weathered storms with tough self-imposed austerity.