Italy will not follow Greece into economic crisis, says finance minister

Pier Carlo Padoan assures nation they are in a stronger position than their eurozone counterparts thanks to their 'huge but sustainable public debt'

Italy's finance minister has sought to reassure Italians that they would not be following in Greece's footsteps, saying that the European Central Bank (ECB) would stop any contagion in its tracks.

"Let me remind you that we are not in 2011 anymore," said Pier Carlo Padoan, in an interview on Monday in Corriere della Sera, Italy's largest daily newspaper.

The point is: greek referendum won't be a derby EU Commission vs Tsipras, but euro vs dracma. This is the choice.

I hope the Greek people call Mr. Juncker's bluff.