Italy’s problems are manageable and investor concern about the country’s public finances had more to do with a lack of confidence in the country’s decision-making processes, German Finance Minister Wolfgang Schaeuble told the Suedkurier newspaper.
Italy’s stable economy and competitive industry puts it in a different position to Greece, Schaeuble said. Italy, unlike other countries among the world’s 20 biggest economies, will meet an agreed goal to halve budget deficits by 2013, Schaeuble said.
Schaeuble criticized speculation on a possible reduction of the size of the euro region or the re-introduction of national currencies in some countries.
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