1/14, 7:45 AM (Source: TeleTrader)
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Economic crisis in EU underway - Italy's Savona

The economic crisis in the European Union is already underway, Italian Minister of European Affairs Paolo Savona said in his commentary published by the Messaggero released on Monday.

Savona went on to say that the opening of the dialogue on the reform of the Eurozone can no longer wait, stressing that EU policies and the institutional architecture reform are paramount "not just for the sake of the euro, but for the political stability of the Union."

Minister's comments follow Deputy Premier Matteo Salvini's remarks stating "real eurosceptics" were the ones who misgoverned Europe for years, as the bloc is preparing for the European Parliament elections in May.

Breaking the News / BM