ESM reform doesn't increase probability of debt restructuring - Gualtieri
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ROME (Reuters) - Italian Economy Minister Roberto Gualtieri said on Wednesday that a reform of the euro zone bailout fund due to be approved by euro zone leaders next month does not make sovereign debt restructuring more likely.In a parliamentary hearing, Gualtieri addressed a concern raised by some politicians and economists that introducing new conditions called "single limb collective action clauses" (CACS), in sovereign bond issues raised the risk of restructuring."The new CACs do not..