This is the last article you can read this month
You can read more article this month
You can read more articles this month
Sorry your limit is up for this month
Reset on:
Please help support the Morning Star by subscribing here
ITALY’S Economy Minister claimed today that fallout from Greece’s presidential election could not trigger a eurozone debt crisis like the one that threatened a default in Italy three years ago.
“Greece in 2015 is not the same as it was in 2010-2011,” Pier Carlo Padoan claimed.
“There is absolutely no risk of contagion for us.”
The Greek parliament held a first round of voting on Wednesday and failed to elect a new president.
Conservative government candidate and former European commissioner Stavros Dimas received 160 votes — far short of the 200 needed — with all opposition parties rejecting him.
There will be two further rounds of voting, ending on December 29, which could lead to a snap election if parliament cannot elect a new president.
Polls suggest the election would be won by the progressive Syriza party, which has promised to renegotiate the international bailout accord.
