Italy's Prime Minister 'Monty' thinks that some framework is evolving which will result in solution to Europe Crisis. He thinks, reforms initiated by many debt ridden countries (including Italy) and more willingness on Germany's part to strengthen EFSF are creating background to long lasting solution.

'Monty', I must say is probably one of the most respected Politician when it comes to Economic wisdom, not only in Italy but in entire Europe. If he is hopeful, I would like to believe some ray of hope exists.

I am just back from a long break part of which was spent in Europe. It is a real pity that such outstandingly beautiful landscape is embroiled in such a mess. I hope we have a stable Europe much sooner than one expects.