August 21, 2019 / 6:09 AM / 25 days ago

Germany's Scholz sees no sign Italy will trigger euro crisis

FILE PHOTO: German Vice Chancellor and Finance Minister Olaf Scholz looks on during the "Open Door Day" of the Federal Ministry of Finance in Berlin, Germany, August 17, 2019. REUTERS/Annegret Hilse/File Photo

BERLIN (Reuters) - There is no sign of a looming euro zone crisis due to political upheaval in Italy, German Finance Minister Olaf Scholz said on Wednesday.

Asked if he feared a new euro zone crisis, Scholz told German television:

“No, there is no sign of that.” Agreement had been reached with Italy on developing the European stability criteria even with the current government in Rome, he said. “And it looks as if a new government, perhaps with a different composition, will emerge.”

Reporting by Madeline Chambers; Editing by Tassilo Hummel

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