The Indian Wire » World » Chancellor Merkel Wants New Italian Government to Abide by Rules of Eurozone

Chancellor Merkel Wants New Italian Government to Abide by Rules of Eurozone

In reference to the recent developments in Italy’s pursuit to form a new government, Angela Merkel, the Chancellor of Germany gave a statement on the 28th of May, where she announced that Germany was willing to work together and coexist with any coalition government formed after the general elections in Italy. However, all decisions on economic policies of the country would still have to be governed by the rules of the Eurozone.

Since the general elections held in March, Italy has remained without an official government, with only a hung Parliament governing the country under President Sergio Mattarella. However, last weekend, during a standoff, President Sergio vetoed all choices of appointing a eurosceptic as an economy minister, which resulted in most of the anti-establishment forces abandoning their efforts to mold their own ruling coalition in Italy. As of the 28th, Italy stands back on track for a fresh election, after being appointed with a former International Monetary Fund official as the interim Prime Minister for the country.

As of 2018, Italy ranks second to Greece as the most indebted country to the eurozone, but according to Chancellor Merkel, the basic principles of the EU would get easily get them out of the debt, if only they decided to choose the answers of the difficult questions. However, it was agreed that German businesses were relieved that no eurosceptics would be able to take power in Italy, as they were not sure Germany could risk losing the third biggest economy in the eurozone, and Germany’s possibly fifth largest trading partner ever.

All Germany wished for now, was a stable government for Italy which would be able to solve their problems and help the country rise from the brink of indebtedness to a reign of prosperity. In her statement, Chancellor Merkel also highlighted her trust in Italy, and promised that the EU would achieve something together, and that would be including Italy’s contribution because Italy would always remain one of the most important members of the Union.