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Italy's contribution to ESM does not weigh on debt

Participants in bailout fund not disadvantaged, Rehn

07 March, 13:37
Italy's contribution to ESM does not weigh on debt (ANSA) - Brussels, March 7 - The European Commission does not penalize countries for their participation in eurozone bailout fund European Stability Mechanism (ESM), EU Economic and Monetary Affairs Commissioner Olli Rehn said on Friday through a spokesman.

"The impact of ESM on debt is an 'in-out' calculation which does not weigh on structural adjustment demanded to Italy by the EU", the spokesman said, responding to a question.

Rehn on Wednesday increased pressure on Rome to adopt urgent measures after the European Commission called for economic reform to stimulate growth and create jobs and said Italy was under "special monitoring" over its macroeconomic imbalances.

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