Financial Times FT.com

Italy takes more sombre economic line

By Guy Dinmore in Rome

Published: March 5 2009 19:36 | Last updated: March 5 2009 19:36

Italy’s government is abandoning its optimistic rhetoric for a more sombre assessment of the economy following a slew of poor data.

Giulio Tremonti, the finance minister, told a conference on Thursday that 2009 would be “even more difficult” than last year, a spokeswoman said. The websites of two leading newspapers quoted him as saying Italy faced a “horrible year”, but officials did not confirm that.

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