Merkel says impressed by reforms in Italy

Reuters News
Posted: Mar 17, 2014 1:45 PM

BERLIN (Reuters) - German Chancellor Angela Merkel voiced strong support on Monday for economic reforms unveiled by new Italian Prime Minister Matteo Renzi, saying his course struck the right balance between growth and stability.

"I have been very impressed. We are seeing a structural change in Italy," Merkel told reporters in Berlin at a joint news conference with Renzi.

"For me it is also clear that Italy is adhering to the Stability and Growth Pact, with both of its components: growth and employment, and on the other hand stability and a recognition of the fiscal compact."

(Reporting by Alexandra Hudson and Stephen Brown; Writing by Noah Barkin)