Eurozone Not Planning Italy Aid Program

The euro zone bailout fund is not preparing financial support for Italy though some individual Italian banks have problems and need to raise capital, the head of the fund said on Friday.

Klaus Regling spoke two days after the Italian daily La Stampa reported that Italy was set to ask the ESM for a loan of 15 billion euros, quoting sources from the Treasury.

“We are not preparing anything. There are lots of rumours … but this is not the case, we have not been approached by the Italian government (for help),” Regling told reporters in the Finnish capital Helsinki.

Reuters

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