February 7, 2012
Italian Prime Minister Mario Monti, who is putting his country through tough spending cuts to escape Europe's debt crisis, warned that European leaders must take concrete steps to fuel the Continent's economic growth or risk threatening its long-term future.
"Europe will not be a nice place to be in five years from now if we haven't solved the problem of how to grow," Mr. Monti said in an interview before heading to the U.S. for talks with President Barack Obama.
"We have to say what growth will look like in a fiscally compacted union," said Mr. Monti, referring to the new "fiscal compact" Europe's leaders agreed to last month to ensure greater budget discipline in the euro zone.
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