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Italian finance minister Pier Carlo Padoan (c) is expected to become prime minister. (Photo: Council of the EU)

No euro crisis after Italian vote, says EU

EU officials are trying to defuse concerns that the Italian prime minister's resignation after a failed referendum will spur a new eurozone crisis.

"I think there is no reason to speak of a euro crisis," German finance minister Wolfgang Schaeuble said on Monday (5 December) before a meeting of eurozone ministers in Brussels, adding that financial markets should stay "relaxed".

Schaeuble and other eurozone leaders insisted that Italian voters rejected only constitutional reform on ...

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Italian finance minister Pier Carlo Padoan (c) is expected to become prime minister. (Photo: Council of the EU)

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