Zamparini has taken a swipe at English football.
"There is no crisis in Italian football, and we are doing fine from a financial point of view," Zamparini told AffariItaliani.it
"Italian football clubs cannot go bankrupt because they are covered by bank guarantees.
"The clubs who are going bankrupt are in England, Spain and Germany, where they have mega debts.
"I think the difference is in the systems used by Italian banks compared to foreign ones."
UEFA are hopeful of designing new initiatives to help curb the debt problem in European football.
In their report, the governing body said Italy has a debt of €479 million, compared to England's €3.8 billion.
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