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Merkel rules out relief for Italy, gives nod to Macron

By Julian Shea in London | China Daily | Updated: 2018-06-05 07:17

Eurozone partnership 'helping others to help themselves'

Germany's Chancellor Angela Merkel has dismissed suggestions from Italy that the European Central Bank might write off 250 billion euros ($296 billion) of the country's debt.

The eurozone's third-largest economy has been struggling and March's general election saw the anti-establishment Five Star movement and rightwing party the League, both euroskeptic groupings, emerge as the biggest winners, but without being able to achieve a majority.

Merkel rules out relief for Italy, gives nod to Macron

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