Italy bears part of blame for crisis

German Chancellor Angela Merkel and French President Nicolas Sarkozy were right to berate Italy for escalating the debt crisis at the EU summit, the left-liberal daily La Repubblica writes: "The 'Merkozy' duo made some clear distinctions on Sunday: on the one hand Greece and Italy and on the other the remaining countries implicated in the debt crisis. Italy won't like being put on par with the country that triggered the debt crisis. But it's obvious that Italy, if not the genesis of the crisis, is at least responsible for making it worse. For the government was far too late in deciding to intervene. It is also more than understandable that the German and French taxpayers who are now expected to foot the bill for the bailout want to ensure that the beneficiaries of the bailout can't continue to postpone unavoidable decisions."

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