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.