Italy braced for shocks from Greece, says FinMin

Italy can withstand any market shocks caused by Greece’s financial crisis and its economic recovery won’t be hindered, Italian Finance Minister Pier Carlo Padoan said on Friday.

“The Greek situation won’t have any impact on the resumption of economic growth in Italy, which depends on the reforms we are carrying out,” Padoan said after a G-7 meeting in Dresden. [Bloomberg]

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