Italy proposes ‘semi-automatic’ funding to avert bail-out

EUObserver reported on 19 June 2012 that debt-stricken Italy was pushing for a "semi-automatic mechanism" to lower eurozone countries' borrowing costs compared to Germany in a veiled admission that it was also heading for a bail-out.

• Primary Source

Reuters, 18.6.12: Italy to ask euro ministers to debate debt cost curb http://www.reuters.com/article/2012/06/18/us-eurozone-spreads-mechanism-idUSBRE85H1C420120618

ESO: Background information: France and Italy unite on euro crisis plan / France seeks eurozone stability package / Merkel warns on French economy http://www.europeansources.info/record/france-and-italy-unite-on-euro-crisis-plan-france-seeks-eurozone-stability-package-merkel-warns-on-french-economy/

EurActiv, 21.6.12: Berlusconi: Italy should exit euro unless Merkel changes doctrine http://www.euractiv.com/euro-finance/berlusconi-italy-exit-euro-zone-news-513463

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