German Economy Min says no alternative to Italy reforms

BERLIN (Reuters) - German Economy Minister Philipp Roesler said on Tuesday he could have imagined a better outcome for pro-reform parties in Italian elections and added that the euro zone's third largest economy needed to continue to implement reforms.

"There is no alternative to the structural reforms that are already underway and which include consolidating the budget and boosting competitiveness," Roesler said in a statement, adding that all parties in the country needed to help stabilise the heavily indebted state.