Active Stocks
Tue Apr 16 2024 15:59:30
  1. Tata Steel share price
  2. 160.05 -0.53%
  1. Infosys share price
  2. 1,414.75 -3.65%
  1. NTPC share price
  2. 359.40 -0.54%
  1. State Bank Of India share price
  2. 751.90 -0.65%
  1. HDFC Bank share price
  2. 1,509.40 0.97%
Business News/ Politics / News/  Italy refused IMF financial support: Berlusconi
BackBack

Italy refused IMF financial support: Berlusconi

Italy refused IMF financial support: Berlusconi

Italian Prime Minister Silvio Berlusconi. Photo: Bloomberg.Premium

Italian Prime Minister Silvio Berlusconi. Photo: Bloomberg.

Cannes, France: Prime Minister Silvio Berlusconi said on Friday Italy had refused an offer of financial support from the International Monetary Fund to help overcome the economic crisis, adding that he had no intention of resigning and did not believe his government would collapse.

Italian Prime Minister Silvio Berlusconi. Photo: Bloomberg.

Answering questions at a press conference at a G20 summit in France, Berlusconi said he did not believe his time in government was coming to an end despite a rebellion by government supporters in parliament. Nobody else could authoritatively represent Italy overseas, Berlusconi said, adding that deputies who abandoned his administration would be betraying the country at a time of crisis.

Economy minister Giulio Tremonti, long a thorn in Berlusconi’s side, refused to answer directly answer a question on whether he shared the embattled premier’s view on the survival of his government, saying he had nothing to add.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 04 Nov 2011, 07:42 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App