Italy suggests joint action to stabilise euro

Domenico Siniscalco, Italy's economy minister, was quoted by several news agencies on Wednesday 10 November as saying of the euro that "a co-ordinated intervention is being talked about again, not a unilateral intervention. That would not help."

There had already been an attempt to stabilise the euro at $1.20, he was reported as saying.

The Financial Times later quoted Siniscalco clarifying his remarks, saying he had merely been talking about the need to co-ordinate policy on the euro at the