Berlin confident Italy will take austerity measures

by Reuters

(Reuters) - Germany's government has full confidence in Italy to take the necessary decisions regarding austerity measures and sees no need to expand the euro zone bailout mechanism, a government spokesman said on Monday. Chancellor Angela Merkel's spokesman Steffen Seibert told reporters Germany agreed with other euro zone leaders that a second bailout package for Greece must be agreed quickly and would top the agenda of Monday's euro zone talks in Brussels. But Seibert said Italy, the latest focus of worries about possible contagion of the euro zone debt crisis, was not on the agenda of a special meeting of the European Union's top finance officials ahead of talks between euro zone finance ministers.

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