Economy / Foreign relations / Politics

Greek crisis, Italy checks its books

On his way to Berlin, the new Greek Prime Minister Alexis Tsipras stopped in Rome to meet his Italian counterpart Matteo Renzi; the latter didn’t make a clear endorsement of Mr Tsipras’ policies, however.

Mr Renzi’s Government is in good terms with the European Union, the European Central Bank and Germany, so it sees no point in damaging these relationships for Greece. Moreover, Mr Renzi is not a hardline leftist like Mr Tsipras, and he has always acknowledged that the Brussels-Berlin approach to the crisis, while too rigid, is not wrong altogether: in sum, no revolution is needed.

Finally, Rome is driven by a third, more pragmatic consideration: Greece owes Italy 40 billion euros.

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