Italy not expected to request bail-out: Fekter

Italy is not expected to request a bail-out from the European Union, Austrian Finance Minister Maria Fekter said on Thursday.

"We have no reason at the moment to believe that Italy will make a request," Fekter told reporters on the sidelines of an International Monetary Fund conference in Vienna.

Fekter said the EU's EFSF rescue fund had sufficient resources to meet Spanish demands and that a decision on Cyprus would be made in the coming days.

Author : DAIGV with 4 years experience in financial markets

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