European Council President Herman Van Rompuy, left, and Italian Premier Mario Monti talk to reporters during a meeting on World Economy in Cernobbio, Italy, Saturday, Sept. 8, 2012. Italian Finance Minister Vittorio Grilli says on the sidelines of the annual Ambrosetti Forum on Lake Como on Saturday Italy has no plans to apply for the European Central Bank's bond purchase program. The ECB has pledged to buy unlimited amounts of bonds to help bring down borrowing costs in countries struggling to keep up with high debts. But that plan comes with the caveat that nations who want to apply for the program must first ask for existing bailout funds and submit their economic policies to international scrutiny. (AP Photo/Roberto Monaldo, Lapresse)

Associated Press
European Council President Herman Van Rompuy, left, and Italian Premier Mario Monti talk to reporters during a meeting on World Economy in Cernobbio, Italy, Saturday, Sept. 8, 2012. Italian Finance Minister Vittorio Grilli says on the sidelines of the annual Ambrosetti Forum on Lake Como on Saturday Italy has no plans to apply for the European Central Bank's bond purchase program. The ECB has pledged to buy unlimited amounts of bonds to help bring down borrowing costs in countries struggling to keep up with high debts. But that plan comes with the caveat that nations who want to apply for the program must first ask for existing bailout funds and submit their economic policies to international scrutiny. (AP Photo/Roberto Monaldo, Lapresse)
European Council President Herman Van Rompuy, left, and Italian Premier Mario Monti talk to reporters during a meeting on World Economy in Cernobbio, Italy, Saturday, Sept. 8, 2012. Italian Finance Minister Vittorio Grilli says on the sidelines of the annual Ambrosetti Forum on Lake Como on Saturday Italy has no plans to apply for the European Central Bank's bond purchase program. The ECB has pledged to buy unlimited amounts of bonds to help bring down borrowing costs in countries struggling to keep up with high debts. But that plan comes with the caveat that nations who want to apply for the program must first ask for existing bailout funds and submit their economic policies to international scrutiny. (AP Photo/Roberto Monaldo, Lapresse)
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