Merkel, Monti vow to ‘protect eurozone’
German Chancellor Angela Merkel and Italian Prime Minister Mario Monti have said they will do "everything possible to protect the eurozone," BBC reported.
The comments came in a joint statement following a telephone conversation on Sunday.
They echo remarks from French President Francois Hollande and European Central Bank (ECB) President Mario Draghi.
It has increased speculation that the ECB could resume its programme of buying up Spanish bonds.
The remarks came the day before a visit from US Treasury Secretary Timothy Geithner.
On Monday, he will be meeting German Finance Minister Wolfgang Schaeuble before flying to Frankfurt to meet Mario Draghi.
The sides discussed a range of issues concerning Armenian-Iranian energy cooperation. They underlined the importance of joint projects, in particular the project on construction of the 3rd high-voltage transmission line between Armenia and Iran and financial issues related to the project were considered.