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Rehn 'confident' in Renzi government keeping commitments

Italy must reduce two-trillion-euro debt with 'major adjustment'

25 February, 14:47
Rehn 'confident' in Renzi government keeping commitments (see related) (ANSA) - Strasbourg, February 25 - The European commissioner for economic and monetary affairs on Tuesday said he was "confident that the new (Italian) government will respect its commitments (to the EU)". Olli Rehn added that Italy, under rookie Premier Matteo Renzi, "must break down its large debt with a major adjustment".

At more than two trillion euros, a figure exceeding 130% of gross domestic product (GDP), Italy's public debt is second in the eurozone only to that of Greece.