News Headline Summary

European news of note from this weekend...

- Italy’s technocrat prime minister Mario Monti has ended weeks of speculation over his future by declaring his readiness to shed his neutrality and office early next year if he sees “credible” support emerging for his reform programme.

- The European Commission will propose giving Spain, France and several other Eurozone states more time to cut their public deficits below the target limit of 3% of GDP.

- IMF said it foresees France's 2013 budget deficit at 3.5% of GDP and France's financial stability concerns are abated considerably.

24 Dec 2012 - 06:20 - - Source: RANsquawk

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