"Prime Minister Mario Monti's Cabinet held "lengthy" discussions on a possible request for the euro- region's bailout funds to buy its bonds (...) a government minister said.
"We still have some time to discuss it; we will see what the conditions will be," Education Minister Francesco Profumo said in an interview today in Rome, when asked whether Italy would make a request in September.
A request for bond buying by the euro-region's rescue founds would require Italy to agree to conditions before the purchases could begin. Profumo said the government is confident that the euro-region allies would accept the measures already adopted by the government and not require additional austerity.
"In our case, the memorandum of understanding wouldn't anticipate additional elements," Profumo said, referring to the agreement Italy would need to sign in return for the bond buying."