It has been recently revealed by Premier Mario Monti, that Italy is a ‘safe place’ to be, after the turbulence that the markets have been recently facing. He said so in a recent interview when he was asked about the current political and economic scenario of the nation. He further added that the government of Europe needs to generate opportunities for the growth of the vicinity, rather than making changes for strengthening the discipline in the budget strategies.

These comments have been revealed ahead of an appearance he made at the Munich Security Centre, to address the people in the current changing situation.

He was further quoted saying that "an uncontrolled Greek state bankruptcy would be bad for everyone" but officials will avoid it. "Nevertheless, I think Italy is now a safe place. These budget rules have permeated every cell of the European body. The problem is off the table”.

The Euro zone debt crisis has seemed to have lingered on forever, and there is need for steps to be taken by the European governments to tackle the problem soon. The socio economic structure of the nations is affected and the living conditions of the people also have to bear the brunt of the economic downturn being witnessed by them. In such a situation, the government needs to plan such effective strategies that get the countries out of the ongoing crisis as soon as possible that normal living conditions for the people don’t need to suffer. It is essential that one and all in the planning committees put the needs of the common man before their own personal gains. This alone can lead the Euro zone out of this crisis situation.