Euro zone bailout fund reform will not involve automatic debt restructuring - Scholz
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MILAN (Reuters) - A proposed reform of the euro zone bailout fund (ESM) will not involve automatic debt restructuring for struggling countries, Germany's Finance Minister Olaf Scholz told Italian daily newspaper La Repubblica.In an interview published on Saturday, Scholz said the ESM's task was to support struggling countries by lending them money subject to certain conditions."There is not any automatic debt restructuring," he added.Italy's ruling parties failed to reach an agreement on Friday..