MILAN (Dow Jones)--Barclays PLC (BCS) group Chief Executive John Varley isn't concerned about Italy's public finances and said that the U.K bank will continue to invest in the country, including wealth management services, according to an interview published Thursday in daily Il Sole 24 Ore. Varley said that Italy's high level of debt isn't an issue because the country has also a positive track record in addressing finance issues. The CEO added that the company sees Italy as a strategic country and aims to further invest in retail, wealth and corporate and investment banking services. Varley said that a global reform of the banking system is necessary to avoid another financial crisis like the one experienced in 2008. Newspaper Website: www.ilsole24ore.com -Milan Bureau, Dow Jones Newswires; +39 02 5821 9901 (END) Dow Jones Newswires June 17, 2010 03:09 ET (07:09 GMT)