Many EU finance ministers at Monday's
Eurogroup asked Italy to ratify the reform of the European
Stability Mechanism (ESM), the only country yet to do so,
sources present told reporters.
European Economy Commissioner Valdis Dombrovskis stressed the
importance of ratifying the ESM.
Eurogroup President Paschal Donohue said Italy's future risks
would rise unless it ratified the ESM reform.
Economy Minister Giancarlo Giorgetti has said that there was no
question at the moment of the Italian parliament ratifying the
reform of the European Stability Mechanism.
Italy is the only EU member not to have ratified the reform of
the eurozone's bailout fund, despite having come under intense
pressure to do so.
The reform is controversial in Rome due to fears about its
possible impact on fiscal sovereignty and the Italian government
has also said the fund should be used to foster growth.
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