It’s up to Italy to tackle its debt pile: German Finance Minister

BERLIN (Reuters) – German Finance Minister Olaf Scholz said on Friday that it was up to Italy to deal with its debt mountain.

Speaking at a family-owned companies conference in Berlin, Scholz said Italy had achieved a reduction in its debt in the past and must do so in the future, or politicians there would be held responsible by Italian voters.

“It is up to countries in Europe to take responsibility for their own problems,” Scholz said, promising that the German government would not allow a “transfer union” in Europe.

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