Mario Monti Endeavors To Form New Government In Italy Says Pan American Metals Of Miami

(1888PressRelease) Super Mario' may not find it easy.

MIAMI, FL - President Giorgio Napolitano asked Mario Monti to form an emergency government yesterday to steer Italy out of her current financial crisis. Monti, a former vice-president of the European Central Bank and ex- EU Commissioner, may not have an easy task. Italy secured a loan for 3 billion euros but the cost of borrowing rose again today as national euphoria over the resignation of Silvio Berlusconi was overshadowed by international nervousness.

No doubt Mario Monti has a tough job ahead of him as he finds a way to reduce Italy's crippling debt and stimulate growth. He will also need to pass stringent austerity measures that are hardly likely to be popular with the Italian people. The result, as far as the financial markets are concerned, has been a rush to the dollar, with an accompanying slide in the price of gold. Gold did not slide far, however. Although there were gains overnight that took gold to within a couple of dollars of $1800, this morning saw a retreat to $1780.

"The consensus is that, while the dollar may remain attractive in the short term, gold will be the preferred safe haven in the medium to long term," says Bill Hionas of Pan American Metals of Miami. "It is painfully clear that Europe's debt woes are not going to disappear any time soon and this will be supportive of gold."

PAMOM's team of expert investors, traders and account executives is available to assist clients with their bullion purchases.

About us:

Pan American Metals of Miami, LLC is a group of traders, investors and account executives that combines many years of experience to help clients invest in bullion. PAMM provides an individual investment service and is based in Miami, Florida for convenient access to both North and South American investors.

Website: http://www.panamericanmetalsofmiami.com

Press Contact

Debbie Bailey

Executive Administrator

Pan American Metals of Miami, LLC

Email: dbailey ( @ ) investpanam dot com

Website: http://www.panamericanmetalsofmiami.com

Source:

http://www.1888pressrelease.com/mario-monti-endeavors-to-form-new-government-in-italy-says-p-pr-350195.html

by: Donald Hood

POST COMMENT

Web Designers In New York For Small Business Find Best Ecommerce Solutions For Your New Online Business Applying For Ssd In Chicago Doesn't Have To Drain Your Time And Energy Get The Best Online Deals New Zealand And New Zealand Daily Deals Bpo Jobs In Manila - New Job Opportunities For Young Age Filipino Population How A Virtual Office Can Be Your New Business Partner Samuel Dalsanto Promotes Use Of Renewable Energy Daddy Diaper Changing Toolbox By Fun Stuff 4 Babies Granted Patent; New Moms Rejoice Around The Worl The Nightclub Furniture Of The New Century Get Out Of Debt And Get Debt Relief Before The Holidays And Start The New Year On Fresh Footing Fitness Strong Is The New Sexy How To Make Free Electricity With A Magnetic Energy Generator Give Children A New Place To Sleep With Beds For Sale