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Italy may be facing period of uncertainty, says concerned Schaeuble

Published 06/12/2016, 15:04
Updated 06/12/2016, 15:10
© Reuters. German Finance Minister Schaeuble arrives at a euro zone finance ministers meeting in Brussels

BRUSSELS (Reuters) - German finance minister Wolfgang Schaeuble said on Tuesday he was concerned that Italy might be facing a period of uncertainty, although he was confident that those overseeing Italian banks knew what they needed to do.

Schaeuble, speaking after a meeting of EU finance ministers in Brussels, also said more time was needed to conclude a review of Greece's bailout.

© Reuters. German Finance Minister Schaeuble arrives at a euro zone finance ministers meeting in Brussels

Euro zone finance ministers agreed on Monday some debt relief for Greece but were divided on reforms it must undertake to reach fiscal targets, leaving it unclear if the International Monetary Fund will join the Greek bailout programme.

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