HELSINKI – Italian Premier Mario Monti slammed bond market investors Wednesday for failing to appreciate the reforms being undertaken by a number of euro countries.
Without elaborating, Monti told a news conference in Helsinki during his two-day visit to Finland that European leaders should adopt measures to make them function better.
Monti also dismissed suggestions that Italy would need a bailout since, in his words, the country's finances are in a "comfortable situation."
"Italy may need help perhaps in relation to the slow phase with which markets recognize the efforts undertaken and achieved by Italy or other countries," he said.
The yield on Italy's 10-year bonds rose well above 6 percent last week, but has retreated in recent days on expectations the European Central Bank will resume its bond-buying program following its monthly policy meeting Thursday.