German Chancellor Angela Merkel has ruled out a possible alleviation of Italy's credit burden and, in an interview with the German newspaper Frankfurter Allgemeine Sonntagszeitung, she explained that the principle of solidarity between Eurozone members should not transform the currency union into a debt-sharing instrument, Reuters , quoted by Focus.

In addition, Merkel spoke positively about some of the ideas of French President Emmanuel Macron for greater solidarity in the euro area and the wider European Union.

In her words, cohesiveness among currency block members is important, "but solidarity between European partners should not lead to a debt union but help its members to help themselves."

The German Chancellor's words came after the plans of the new Italian government of the populist "Five Stars Movement" and "League" to ask the European Central Bank to forgive 250 billion euros of Italian debt.
The new power in Rome, made up of two parties that generally oppose the euro, as Reuters writes, took office on Friday considering referendum on or against a denial of the single European currency in the country.

"I will deal with the new Italian government openly and work with it instead of speculating about its intentions," the German Chancellor said.

As for her comments on Macron's ideas, Merkel said she supports the idea of ​​transforming the European Monetary Fund (EFF) rescue fund she supports its transformation into an Stabilization Monetary Fund with the power to provide short-term credit lines to member states in crisis due to the large your government debt.

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