Updated on
Summary The leaders of Italy and Greece are insisting on the absolute need to preserve the eurozone.
Italy and Greece insist to safeguard eurozone as Greek politicians struggle to put together an austerity package critical to the countrys financial survival.Italys Premier Mario Monti met Friday with Greek Prime Minister Antonis Samaras on the sidelines of a political conference in Rome. A statement from Montis office said the two leaders reiterated their conviction of the absolute need to safeguard the integrity of the eurozone, stabilize markets and proceed in the process of European integration.Samaras coalition government has yet to agree on details of €11.5 billion ($15 billion) worth of cuts so the country can get bailout cash. Without the money, Greece might default and abandon the euro.Monti was later meeting the leaders of Ireland and Spain.
