- Sputnik International
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

Paris Urges New Italian Gov't to Respect Debt Obligations to Keep Eurozone Safe

CC0 / Pixabay / Money
Money - Sputnik International
Subscribe
MOSCOW (Sputnik) - The new Italian government should respect the country's obligations regarding debt and clean-up of the banks, otherwise it risks destabilizing all of the eurozone, French Finance Minister Bruno le Maie said on Sunday.

"If the new [Italian] government risked non-complying with its debt obligations, the deficit, but also the clean-up of banks, the stability of the whole eurozone would be threatened," Le Maire told Europe1 and two other French news outlets.

The French minister stressed that Italy's future was with Europe and "nowhere else," but the country had to comply with the common rules.

READ MORE: French Minister Slams US as 'Gendarme of Planet' Over Iran Sanctions

"I respect the sovereign decision of the Italian people, but there are responsibilities which are larger than any single one of us," the French politician said, adding that those responsibilities were valid regardless of who was in the country's new government.

Italian protest party Five Star Movement leader Beppe Grillo speaks during a rally in Grado. (File) - Sputnik International
Italy's Lega Party, M5S Complete Work on Joint Political Program
Earlier this week, Italy's right-wing Lega party and the anti-establishment Five Star Movement (M5S) reached a tentative government coalition agreement. The two parties reportedly considered adding paragraphs on the possibility of leaving the eurozone and asking the European Central Bank (ECB) to review or write off Italy's 250 billion euros ($295 billion) of debt. This would help to improve Italy's debt to GDP ratio.

The two parties need to secure an approval for the program and a prime minister candidature from President Sergio Mattarella before they can proceed and form the government.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала