• Germany edition
 
Germany says Italy must reform despite deadlock
Photo: DPA

Germany says Italy must reform despite deadlock

Published: 26 Feb 2013 10:22 GMT+01:00
Updated: 26 Feb 2013 10:22 GMT+01:00

"The politicians in Rome know that Italy still needs a policy of reform, a policy of (budgetary) consolidation," said Guido Westerwelle, calling for a new government to be formed "as quickly as possible."

"This is not only in the interests of Italy, but the interests of Europe as a whole ... When it comes to beating the debt crisis, we are all in the same boat, whether we live in Germany, France, Italy or Spain," added the minister.

He stressed it was therefore important for politicians in Italy to take responsibility for the bloc as a whole, he added.

Italian elections ended in a stalemate in parliament between right and left after a crunch vote in which the real winner appeared to be a new protest party calling for a referendum on Italy's membership of the euro.

The campaign in Italy was marked by a reaction against the austerity measures pushed by German Chancellor Angela Merkel in a bid to beat the eurozone debt crisis that has propelled the 17-nation bloc into recession.

"Italy plays a central role for a successful overcoming of the European debt crisis and therefore we count on the new government to continue the policy of consolidation and reforms in a consistent matter," concluded Westerwelle.

AFP/mry

The Local (news@thelocal.de)

Don't miss...X
Left Right

Your comments about this article

11:32 February 26, 2013 by melbournite
"The politicians in Rome know that Italy still needs a policy of reform"

Err no, the unelected technocrat most associated with your "reform", Monti, got less than 10%. The biggest single party - the 5 star movement - explicity says "up yours" to your "reform"
12:01 February 26, 2013 by smart2012
And to all of this we need to say also thanks to the silly policy of Frau Verkel..
17:08 February 26, 2013 by sonriete
so much for no Diktat.
18:19 February 26, 2013 by schneebeck
That photo alongside that title is just hilarious.
18:26 February 26, 2013 by sonriete
this was my favorite quote in the press this morning;

"European Commission spokesman Olivier Bailly said that, while the Europe's executive body took note of the concerns of the Italian people, it also expected Rome to adhere to promises of reforms."

So to put that in plain english they"take note" of democracy before utterly disregarding the results of democratic elections" HA HA HA
18:45 February 26, 2013 by Englishted
Got to love him coming from a party in steep decline and still trying to bully any country that has the nerve to believe these austerity measures are killing Europe and driving it's electorate to protest parties or extreme parties .

Democracy crying out in it death throngs is totally ignored by those in power a very dangerous game to play.
19:25 February 26, 2013 by IchBinKönig
Isnt the Euro wonderful? When I was a child, before the Euro existed, I visited a gas station in a neighboring European country, and the gas station attendant gave me a dirty look because of my German plates. Now that we have the Euro, when I visit ANY other European country as a German, I get nothing but loving looks and the occasional handy in the bathroom. Isn't the Euro wunderbar? Cant believe people used to have to show a passport at the border and elect their OWN officials. Can you imagine? Oh the humanity!
00:44 February 27, 2013 by skippy01
I don't understand? Italy will not "reform". Its like no one is explaining the reality of economics to Germans. Germany entered the Euro to stop it becoming a zombie economy like Japan. The low valued euro let germany export more than it would with the Dmark. The germans lent money to southern europeans to keep the euro low, knowing they were bad debtors. Then they are surprised that the southern europeans have spent the money and want more.

Germany's choices are simple:

a) Print money like the US (they have increased the money base x4 since 2008), so they can give money to the southern europeans, keep the euro low, but as a result have high inflation in 5-10 years putting everyone on a fixed income in the poor house (pensioners, unemployed etc)

or

b) Leave the euro and go back to the Dmark. Exports will crash with a high Dmark, compnanies will stop hiring, the young will become unemployed and will stop paying taxes. Then in 10 years companies will go broke be unable to pay people pensions, etc etc etc.

Japan followed option b) they have now started to print money like nobodies business to get out of their "frugal, saving" mess.

Unfortunately at the start of a financial crisis the lender has the whip hand. At the end the borrower does, the borrowers in southern europe no have the whip hand, Germany has to keep giving them money otherwise Germany's future will be eaten by older generations pensions. It's sad but I don't see any other way out for the Euro zone.
Today's headlines
Stakes rise in Oracle-SAP copyright fight
Photo: DPA

Stakes rise in Oracle-SAP copyright fight

US appeals court on Friday ruled that Oracle be given a choice between $356.7 million or a new trial for its copyright lawsuit against German rival SAP. READ  

Court rules against child porn suspect Edathy
Former SPD MP Sebastian Edathy photographed at a press conference in February. Photo: DPA

Court rules against child porn suspect Edathy

The Constitutional Court on Friday rejected an attempt by former Social Democratic (SPD) MP Sebastian Edathy to have evidence against him thrown out in his trial for possession of child pornography. READ  

Student busted in case of misdelivered hash
Photo: DPA

Student busted in case of misdelivered hash

A Bavarian student expecting a cannabis delivery was collared by "Commissioner Fluke" after acting surprised in front of policemen when he saw his letter box was empty. READ  

Security fears block Germany-Israel match
German and Israeli fans cheer in the stands during a friendly in Leipzig in 2012. Photo: DPA

Security fears block Germany-Israel match

A friendly soccer match against Israel marking 50 years of diplomatic ties has been called off amid security concerns and the escalation of the Middle East conflict, the German Football Federation (DFB) said on Friday. READ  

Germany's brain drain is Europe's gain
Inside the terminal at the Frankfurt International Airport. Photo: Shutterstock

Germany's brain drain is Europe's gain

Figures from the European Union show that while many German professionals are able to find work abroad with their well-recognised qualifications, Germany doesn't always extend the same courtesy to foreigners. READ  

S-Bahn arson in support of refugees, group claims
Passengers at Berlin's Ostkreuz station yesterday as information screens relay news of the disruption. Photo: DPA

S-Bahn arson in support of refugees, group claims

A radical left-wing group claimed responsibility on Friday for an arson attack that cut power to several S-Bahn lines and caused transport chaos in Berlin, saying it was intended to awaken people to the plight of refugees. READ  

Pilots' strike over, but disruption continues
Passengers in Hannover check departure boards showing cancelled Germanwings flights. Photo: DPA

Pilots' strike over, but disruption continues

UPDATE: Germanwings pilots have ended their six-hour strike which grounded 116 flights and up to 15,000 passengers of Lufthansa subsidiary Germanwings on Friday. READ  

Man narrowly escapes unwelcome drop-in
Emergency services use a crane to lift the fallen crane in Cologne. Photo: DPA

Man narrowly escapes unwelcome drop-in

A Cologne resident was pinned to his bed after a 40-metre construction crane toppled onto his home early on Friday. READ  

'Further sanctions' could hit Russia, says Merkel
Merkel looking grave at Thursday's West Balkan conference in Berlin. Photo: DPA

'Further sanctions' could hit Russia, says Merkel

German Chancellor Angela Merkel said on Thursday that European leaders will discuss the worsening Ukraine crisis and possible further sanctions against Russia at a weekend summit. READ  

UK-Germany rivalries live again in Champs League
Bayern Munich captain Philipp Lahm with fellow World Cup champion Bastian Schweinsteiger. Photo: DPA

UK-Germany rivalries live again in Champs League

The 2014-15 Champions League draw yesterday brought déjà-vu for English and German clubs as old opponents found themselves facing off once again. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Photo: Shutterstock
Gallery
Ten of the oddest things found by German border control
Photo: Gerkan, Marg and Partners/Tegel Projekt GmbH/J. Mayer
Berlin
How will Berlin look in five years' time?
Photo: DPA
Culture
Sprechen Sie Deutsch? 10 reasons why you should
Photo: DPA
Gallery
The best of Berlin's mayor Klaus Wowereit in 14 pictures
Photo: DPA
Politics
Germany sends burgers and sausages to Kurds
Photo: Matthias Kock
National
Tribes, ties and a movie: A German's Afghan life
Photo: DPA
Gallery
10 things to do before summer in Germany is really over
Photo: DPA
Gallery
The mysteries of Berlin's abandoned theme park
Photo: Europeana.de 1914 - 1918
Gallery
A German soldier's life behind WWI lines
Photo: DPA
Business & Money
JobTalk: All you need to know about working in Germany
National
Share news tips with The Local Germany
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

Latest news from The Local in Sweden

More news from Sweden at thelocal.se

3,480
jobs available
Toytown Germany
Germany's English-speaking crowd