Italy's problems are manageable says German finance minister

Italy’s problems are manageable says German Finance Minister Wolfgang Schaeuble as markets react positively to Mario Monti's appointment as Italian prime minister.

14th November, 2011
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Italy’s problems are manageable and investor concern about the country’s public finances had more to do with a lack of confidence in the country’s decision-making processes, German Finance Minister Wolfgang Schaeuble told the Suedkurier newspaper.

Markets this morning appear to agree as former European Union Competition Commissioner Mario Monti takes the tiller at the head of a new Italian government tasked with restoring confidence in its ability to cut...

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