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Germany's Schaeuble says Italy has handled bank issue well
July 10, 2017 / 1:58 PM / 5 months ago

Germany's Schaeuble says Italy has handled bank issue well

BRUSSELS (Reuters) - German Finance Minister Wolfgang Schaeuble said on Monday that Italy had “done very well” in handling problems with troubled banks and said its actions were a good basis for further improvements.

German Finance Minister Wolfgang Schaeuble attends a news conference in Berlin, Germany June 28, 2017. REUTERS/Hannibal Hanschke

“Things have gone very well in Italy,” he told reporters on arrival at a meeting of euro zone finance ministers where problems with bad loans in the banking system are on the agenda.

“Italy has done very well in a difficult situation and I think it’s a good basis for us to continue our work, including Italy itself of course. Of course, they also have a complicated political situation but step by step things are getting better.”

Reporting by Alastair Macdonald; editing by Francesco Guarascio

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