Italy Must Comply With Rules Or Face Higher Debt Costs: ECB’s Knot

www.oann.com | 3/19/2013 | Staff
bethtetleybethtetley (Posted by) Level 4
FRANKFURT (Reuters) – Italy needs to comply with fiscal rules or face higher borrowing costs as the European Central Bank will not rush to the aid of any single euro zone member, ECB policymaker Klaas Knot said on television on Wednesday.

“It’s quite pertinent that Italy actually complies with the rules,” Knot, a hawk on the ECB’s Governing Council, told CNBC. “If it doesn’t, the result is that...
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