Ferrari has called on Formula 1's bosses to take urgent action to prevent the sport being damaged by the fallout from Europe's widening financial crisis.
With several countries – including Ferrari's homeland of Italy – facing debt problems, and the future of the Eurozone being questioned, Ferrari president Luca di Montezemolo believes that there must be no delay in F1 moving to reduce costs.
"The world economic situation, and that of Europe in particular, is very serious and the world of Formula 1 cannot ignore the fact," di Montezemolo said in an interview published on the official Ferrari website. "We cannot lose any more time: we need to tackle urgently and with determination the question of costs.
"Ferrari is in agreement with the FIA's position that drastic intervention is required. We are absolutely convinced that, as I have always said, the teams and the commercial rights holder must work together with the Federation on this front.
"This is no longer the moment for getting bogged down in sterile discussions or the meanderings of engineers, usually only concerned in defending the interests of someone or other; the question has to be tackled at the highest level, without further delay."
The FIA met with teams after the Monaco Grand Prix to discuss ways to control costs in F1, with much focus being put on how much more expensive the implementation of new car and engine regulations for 2014 will be.