"Spain, I'm sure, is on a steady course of budgetary consolidation", Monti told reporters in Tokyo where he arrived from a nuclear security summit in South Korea. "And contagion as a whole, I hope, will soon belong to the past now that more discipline has been adhered to by most Member States, and now that the firewalls are being in the process of being fortified."
Monti on Saturday had expressed concern about the state of finances in Spain and said it would not take much to reignite the eurozone debt crisis and revive the risk of it spreading to Italy.
Few days later, however, he said he had "total confidence" in Madrid's economic management after meeting his Spanish counterpart Mariano Rajoy on Tuesday on the sidelines of the nuclear summit in Seoul.
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