Euro zone mulls action to isolate Italian turmoil - ECB's Praet
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LONDON (Reuters) - Euro zone policymakers have discussed using the bloc's bailout fund, or European Stability Mechanism (ESM), to prevent financial tension in Italy from spreading to other indebted countries, the European Central Bank's chief economist said."There is one discussion which is at the political level about precautionary measures we could take if there would be spillovers to (other) countries," Peter Praet told an audience in London on Tuesday."(These are) not central bank measures,..