October 3, 2018 / 4:21 PM / 20 days ago

Italian minister told EU lawmakers there is no chance of Italy's default - source

STRASBOURG, Oct 3 (Reuters) - Italy’s European Affairs Minister Paolo Savona told European Union lawmakers on Wednesday that there was no chance Italy would default on its debt, according to a person who attended the meeting.

“I think there is no chance that Italy will default on its public debt,” Savona told a meeting with Italian lawmakers in the European Parliament.

He added that Italy was very different from Greece, in an apparent reaction to remarks made by the European Commission’s President Jean-Claude Juncker this week in which he warned Rome from causing with its fiscal policy a financial crisis like the one experienced by Greece in recent years. (Reporting by Foo Yun Chee and Francesco Guarascio)

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