News Summary: OECD urges Italy to keep lean

Published May 2, 2013 8:38pm ET



PUSHING AUSTERITY: A global economic agency urged Italy to continue to bring down its public debt even though the country’s new premier seeks a greater focus on economic growth instead.

STAY THE COURSE: The Organization for Economic Cooperation and Development warned in a report released Thursday that Italy should not undo the budget improvements it has made, and that continued efforts are needed.

RESISTANCE: The report came as Premier Enrico Letta wrapped up a tour of European capitals where he expressed the growing antagonism within Europe to harsh austerity measures that have literally driven Italians to suicide.