12 Jul 2011 18:49

Italian govt undertaking all necessary measures to balance debt - Kudrin

MOSCOW. July 12 (Interfax) - Russia's Finance Minister Alexei Kudrin believes that Italy's government is employing all necessary measures in order to balance out its debt obligations.

"I think that the governments of these countries [such as Italy] are undertaking all necessary measures to balance out their debt-laden budgets," Kudrin told journalists in Moscow on Tuesday.

When asked if Russia plans to purchase Italy's debt bonds, Kudrin said, "The Central Bank is deciding on this. It places gold and forex reserves, and carries out placements in bonds that have the necessary rating. In this sense, Italy meets world standards".