Italy minister defends ESM reform, opposes re-weighting bond holdings

ROME (Reuters) - Economy Minister Roberto Gualtieri said on Wednesday Italy has nothing to fear from a reform of the euro zone bailout fund due to be approved by euro zone leaders next month, and opposed any re-weighting of risk in banks' sovereign debt holdings.The hard-right opposition League party and some economists say the reform of the bailout fund, known as the European Stability Mechanism (ESM), could make it more likely that Italy will have to restructure its public debt.In a..