German Finance Minister: Europe Has Long Way to Go

Europe still has a long way to go to solve its crisis, German Finance Minister Wolfgang Schaeuble was cited as saying by a magazine, noting it was the key That Italy did its homework and Implemented promised reforms.

 Had Schaeuble said European leaders made ​​an Important step forward at last week's summit, but it was far from the last meeting on this matter.

"We still have to go a long way until We have solved all the problems," he toll Spiegel magazine, in an interview to be published on Sunday. "But the chance We Will be Successful has grown since last week."

When asked if the eurozone's bailout fund would be sufficient to rescue Italy Potentially, Schaeuble said the question was irrelevant and the country must simply do its homework and implement reforms to Reduced its deficit and bolster economic growth.

Italy, the eurozone's third largest economy, is again at the center of the debt crisis, as Fears grow That hit its borrowing costs Levels That Could overwhelm the capacity of the Bloc to Provide support amid chronic political instability in Rome.