Menu Search Facebook Twitter
Search Close
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers

Germany Confident Italy Will Get Sympathetic EU Hearing over Quake Plans

With one of the world's largest public debts and with a virtually stagnant economy, Italy might struggle to find the money needed for expensive civil defense programs.

German Chancellor Merkel speaks flanked by Italian PM Renzi at media conference during a regular Italo-German summit in Ferrari's hometown Maranello, Italy Aug. 31, 2016, photo: Reuters/Max Rossi
By Reuters Whatsapp Twitter Facebook Share
1 year ago


MARANELLO, Italy — Germany reassured Italy on Wednesday that Europe would help the country after last week’s deadly earthquake, with Chancellor Angela Merkel saying solutions could be found to overcome budget restrictions.

Merkel and Italian Prime Minister Matteo Renzi held their second meeting in as many weeks, but whereas the previous talks focused on the response to Britain’s decision to leave the European Union, these talks were dominated by the Aug. 24 quake.

Renzi told reporters Italy would seek EU budget flexibility if necessary to help it fund a multi-year plan to boost the country’s defenses against repeated natural disasters, promising to draw up a sensible program with the help of experts.

At least 293 people died when an earthquake struck central Italy early last Wednesday, levelling towns, villages and hamlets in the mountainous heart of the country.

Merkel said Germany would help finance the rebuilding of a school in the quake zone and that Europe would give a sympathetic hearing to heavily indebted Italy when it presented its disaster plans.

“Given the catastrophe we have seen … I am certain that the (EU) stability and growth pact will enable us to find good solutions,” Merkel said, speaking through an interpreter.

“Italy will present a transparent plan and we will find a reasonable solution in Europe.”

The two leaders, accompanied by French President Francois Hollande, met on an aircraft carrier off southern Italy on Aug. 22 to discuss the European Union’s many problems. The backdrop for Wednesday’s meeting was the headquarters of one of Italy’s most famous companies – carmaker Ferrari.

Renzi had hoped to use the occasion to showcase Italy’s industrial prowess, but the earthquake took center stage, with Merkel shaking the paw of a dog that had taken part in the rescue operation as she arrived for the meeting.

Italy has one of the world’s largest public debts and with a virtually stagnant economy it might struggle to find the money needed for costly civil defense programs.

It also risks the wrath of Brussels if it breaks EU budget rules. Renzi said funding needs in the immediate aftermath of the disaster would not be included in end-of-year deficit parameters, giving his government room for maneuver.

He has not yet said how much his disaster-prevention plan, which will include anti-flood measures, might cost, saying he needed time to work on it.

“We will use European (budget) rules, but only when we have drawn up a serious, forward-looking project tied to good sense,” Renzi said. “It is fundamental that we spend our money well.”

Italy has launched programs in the past aimed at boosting anti-seismic measures across a country that is regularly rocked by earthquakes. However, many projects have been called into question, hit by corruption scandals and shoddy work standards.

Magistrates have opened investigations into why so many buildings were wrecked last week, including a school and a hospital, despite receiving state aid to help with the cost of adding earthquake protection.


Comments Whatsapp Twitter Facebook Share
More From The News
Latest News

Democrat Jones wins stunning red-state A ...

4 days ago

Asian stocks mixed ahead of Fed rate ann ...

4 days ago

NFL Network suspends analysts over sexua ...

4 days ago

Minnesota announces restrictions on usin ...

4 days ago
Most Popular

Patricia Espinosa Opens Mexico Conferenc ...

By The Associated Press

French PM says Disputed Labour Bill Open ...

By The Associated Press

White House Steps Up Aid for Financially ...

By The Associated Press

Inflation-hit Venezuela to Print Bigger ...

By The Associated Press

Skype Co-founder Launches Ultra-Private ...

By Reuters