Italy is strong enough to cope with problems created by the debt and economic crisis shaking Europe, the head of Germany's central bank said Wednesday.
"Italy is strong enough to solve its problems on its own, despite the challenges it faces, it is fundamentally sound," Jens Weidmann, Bundesbank president, said at a joint press conference with Italy's Economy Minister Vittorio Grilli.
Grilli agreed, saying Italy has no plans to seek any form of bailout from European authorities.
The country's reform efforts and "the results that we are getting provide comfort in the fact that our economy can get back on a growth trajectory," Grilli said in Frankfurt. "We do not need help".