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Merkel has 'great respect' for Italian austerity plan

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By Shoaib Ur Rehman
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merkalBERLIN: German Chancellor Angela Merkel on Wednesday said she had "great respect" for the economic reforms implemented by Italy, as the crisis-wracked country battles to bring down its debt.

 

"As for the speed and substance of these measures, I think they will strengthen Italy, will improve its economic prospects and we have watched with great respect how quickly they have been implemented," Merkel said after meeting Italy's prime minister Mario Monti.

 

Copyright AFP (Agence France-Presse), 2012

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