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Italian FinMin expresses optimism over Greece's future

Italian FinMin expresses optimism over Greece's future

Italy's Finance Minister Pier Carlo Padoan on Tuesday (4/8) expressed his optimism over the future of Greece and stressed the need for restructuring.

Speaking to foreign correspondents in Rome, the Italian minister said that "institutions, such as the tax collection system, need to be restructured."

He explained that his optimism is based on the fact that Greece has been seriously committed to implement the reforms and added that after the completion of the memorandum, there will be significant reconstruction funds for a three-year period.