Where Ferraris Get Made, Merkel Reassures Renzi on Budget Rules
Italian Prime Minister Matteo Renzi, right, and German Chancellor Angela Merkel, left, arrive for a joint press conference during a bilateral meeting at the Ferrari farm in Maranello on August 31, 2016.
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German Chancellor Angela Merkel, flanking Prime Minister Matteo Renzi at the home of Ferrari, said she was convinced that a “rational solution” could be found to her Italian host’s need for budgetary leniency.
Italy is the latest pit stop of Merkel’s post-Brexit tour of the European Union and her visit comes on the heels of a devastating earthquake. To welcome her, Renzi picked a location that spells out an emblematic success story in a time of economic doldrums: the factory churning out Italy’s luxury cars in Maranello, northern Italy.