The Italian PM tells a TV interviewer the ECB gave him four days to make deep budget cuts. In return, they would buy Italy’s bonds.
Berlusconi also tells the interviewer he is undecided about seeking office again when his term expires in 2013. Berlusconi will be 75 at the end of the month…
EUR/USD’s early afternoon rally has run its course and we’ve dipped back to 1.3670 from 1.3723 rally highs.
1.3627 is the low on the day.
