German minister: Rescue package for Italy won’t be necessary

By |oktober 12th, 2018|eurozone crisis, Germany, Italian budget, Italy, Luigi Di Maio, News, Olaf Scholz, sovereign bailouts, stability and growth pact|

German Finance Minister Olaf Scholz said on Thursday (11 October) he did not expect Italy to need aid to deal with its debt pile. Any intervention by the European Central Bank would require Italy to formally apply for a rescue programme, sources said.