Italy Will not Follow Greek Downturn, Promises Finance Minister

Italy’s finance minister has sought to reassure Italians that they would not be following in Greece’s footsteps, saying that the European Central Bank (ECB) would stop any contagion in its tracks.
“Let me remind you that we are not in 2011 anymore,” said Pier Carlo Padoan, in an interview on Monday in Corriere della Sera, Italy’s largest daily newspaper.
Compared with the height of the eurozone crisis four years ago, Padoan added: “Today the [European] institutions are stronger and so is our economy.”