Nov. 10 (Bloomberg) -- While Italy is Europe’s main problem at present, it won’t become a “second Greece,” former UniCredit SpA Chief Executive Officer Alessandro Profumo told Germany’s Handelsblatt newspaper.
Italy has strong industry, a high level of private wealth and all means at its disposal to allow the country to function well, the newspaper cited Profumo as saying in an interview. The country needs a “grand coalition of all moderate forces,” with a large majority in parliament to restore sound public finances, change election laws and promote economic growth, he said.
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