28.9 C
New York
Thursday, July 7, 2022

EU’s Oettinger says ‘grateful’ for Italian economy minister’s words

EU's Oettinger says 'grateful' for Italian economy minister's words© Reuters. FILE PHOTO: EU Budget Commissioner Oettinger in Brussels

MILAN (Reuters) – Reassurances by Italy’s new economy minister that Rome is committed to the single currency and to reducing its public debt “are far-sighted and create confidence,” EU Budget Commissioner Guenther Oettinger told an Italian daily.

“We’re grateful for such a clear and timely statement, which is important for Italy’s politics,” he told Corriere della Sera newspaper in an interview.

Giovanni Tria, economy minister in Rome’s new anti-establishment government, sought to calm jittery markets with an interview on Sunday in which he said Italy had no intention of leaving the euro and would not stray from the path of debt reduction.

Oettinger has come under fire in Italy for being quoted as saying he hoped financial markets would be a signal for Italians that they should not vote for populists.

He apologized for his comments after Italy’s League leader and the country’s new Interior Minister Matteo Salvini called for his resignation.

Oettinger said more solidarity was needed towards states such as Italy and Malta when asked about the two countries’ refusal to let a boat carrying 629 migrants rescued off the coast of Libya at the weekend to dock.

“People at sea cannot be rejected or, even worse, have their lives put at risk. Viceversa, this means we need more solidarity among European (states), in this case Italy and Malta. Spain showed it: towards people aboard and towards other member states.”

Spain has offered to take in the Gibraltar-flagged Aquarius rescue ship.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles

Stay Connected

11,296FansLike
12,893FollowersFollow
751FollowersFollow
- Advertisement -

Latest Articles

Popular Articles