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A senior US Treasury official was reported by Reuters late-Tuesday, as saying that the US Treasury believes Italy is better-off among other euro-zone countries to work out their issues without a Euro-exit as an option.

Key Quotes:

“It would be better if they were to work things out within the euro zone without making significant changes there, and certainly the Italians have the opportunity to do that,”  

“It was unclear who would be representing Italy at the G7 finance ministers and central bank governors’ meeting on Thursday, Friday and Saturday in Whistler, Canada.”