Amid political row, EU's Juncker says 'Italy deserves respect'

BRUSSELS (Reuters) - The European Union's chief executive Jean-Claude Juncker said on Tuesday that Italy's future could not be dictated by stocks and bond markets after comments by one of his team added to the political turmoil in the country. 'Italy's fate does not lie in the hands of the financial markets,' Juncker said in a statement

Reuters May 30, 2018 00:06:03 IST
Amid political row, EU's Juncker says 'Italy deserves respect'

Amid political row EUs Juncker says Italy deserves respect

BRUSSELS (Reuters) - The European Union's chief executive Jean-Claude Juncker said on Tuesday that Italy's future could not be dictated by stocks and bond markets after comments by one of his team added to the political turmoil in the country.

"Italy's fate does not lie in the hands of the financial markets," Juncker said in a statement.

"Regardless of which political party may be in power, Italy is a founding member of the European Union that has contributed immensely to European integration," Juncker said, adding he was sure "Italy will continue on its European path."

"The (European) Commission is ready to work with Italy with responsibility and mutual respect. Italy deserves respect."

(Reporting by Gabriela Baczynska)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

also read

Guinea president 'captured', govt dissolved, claim army putschists'; attack on presidential palace repulsed, say authorities
World

Guinea president 'captured', govt dissolved, claim army putschists'; attack on presidential palace repulsed, say authorities

Reports suggest that they captured President Alpha Conde and dissolved the government, bust the ground situation remains unclear

Cryptocurrency prices tumble and exchange trading falters as snags crop up
News & Analysis

Cryptocurrency prices tumble and exchange trading falters as snags crop up

NEW YORK (Reuters) -The price of cryptocurrencies plunged and crypto trading was delayed on Tuesday, a day in which El Salvador ran into snags as the first country to adopt bitcoin as legal tender. Shares of blockchain-related firms also fell as crypto stocks were hit by trading platform outages. But the major focus was on El Salvador, where the government had to temporarily unplug a digital wallet to cope with demand.

Ford poaches Apple's car project chief Doug Field
News & Analysis

Ford poaches Apple's car project chief Doug Field

By Joseph White and Sanjana Shivdas (Reuters) -The head of Apple Inc's car project, Doug Field, is going to work for Ford Motor Co to lead the automaker's advanced technology and embedded systems efforts, a hiring coup for Ford Chief Executive Jim Farley.