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Agencies | Updated:2016-12-05 17:13European Economic and Financial Affairs Commissioner Pierre Moscovici addresses a news conference at the EU Commission headquarters in Brussels, Belgium, November 16, 2016. [Photo/Agencies]PARIS – Italy has solid political institutions and a strong economy that will weather the resignation of Prime Minister Matteo Renzi after his heavy defeat in a referendum, European Economics Commissioner Pierre Moscovici said on Monday.”Its a solid country with solid authorities and I have complete confidence that Italy can handle this situation,” he told France 2 television ahead of a meeting of euro zone finance ministers in Brussels.”There is some political instability but the country is extremely stable and its also a big economy.”He dismissed suggestions that the referendum had been a vote against the European Union: “Nothing to do with it,” he said. “Its a domestic constitutional amendment in Italy which has not managed to get through.”Related StoriesItalian PM announces resignation after defeat in constitutional referendumVoting starts in decisive Italian referendumItalian bag manufacture makes inroads in YunnanChinese movie awarded at Italian film festivalItalian region busy restoring art pieces after quakesItalian fashion school expands to GuangzhouPhotoInspiring Women project launched in China to better prepare girls for future careersLeaders express condolences over Fidel CastroThe world in photos: Nov 28 – Dec 4California loft fires toll rises to 33, with more victims expectedAustrian chancellor congratulates candidate Van der BellenItalian PM announces resignation after defeat in constitutional referendumMost Viewed in 24 HoursWeekly PhotoThe world in photos: Nov 28 – Dec 4NewsmakerChinese company to build Qatar World Cup stadiumFirst school for HIV positive children in NepalSpecialPresident Xi visits Latin AmericaPremier Li visits four Eurasian countriesReporters JournalFacebook taking a common sense approach to content in ChinaTPPs death knell should help US change its China tackChina-JapanJapans defense white paper makes irresponsible accusations against ChinaChina-USBasketball game sparks China-US Tourism YearChina-EuropeGroundbreaking early photographs of Shanghai head for LondonChina-AfricaNew Zanzibar hospital funded by ChinaBACK TO THE TOPHOMECHINAWORLDBUSINESSLIFESTYLECULTURETRAVELWATCHTHISSPORTSOPINIONREGIONALFORUMNEWSPAPERChina Daily PDFChina Daily E-paperMOBILECopyright 1995 -var oTime = new Date();
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