Monti Praises Progress on the Euro, Says End is in Sight

The Italian Prime Minister is traveling to France, Finland, and Spain to further develop Europe's recovery plan.

Italian Prime Minister Mario Monti said on Tuesday there was light at the end of the tunnel of the euro zone debt crisis but offered no clear signal on the prospects of the bold action this week by officials hoped for by financial markets.

"Decidedly yes," he said in answer to a question on Italian state radio RAI. "It is a tunnel but … some light is appearing at the end of the tunnel. We and the rest of Europe are approaching the end of the tunnel."

He added that decisions taken at last month's EU summit were starting to show fruit.