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News from Italy
ECONOMIC CRISIS ISN'T TRAGIC, BERLUSCONI TELLS MEDIA



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3/6/2009 - Prime Minister Silvio Berlusconi appealed to Italy's media on Friday to stop exaggerating an economic crisis that was certainly not 'tragic'. 'I consider it damaging to all our interests that the media continues to represent the crisis as something definitive and tragic,' the centre-right Italian leader told reporters. It's a heavy crisis but I believe the adjective tragic is absolutely over the top, so I appeal to ... the workers in the media to use some benevolence in the interests of all of us.' Most analysts expect Italy's economy to shrink by around 3 percent this year, tripling the 1 percent contraction in 2008, which was the steepest fall in gross domestic product since 1975. Italy has not posted two consecutive years of negative growth since World War Two. Since GDP posted a record 1.8 percent quarterly fall at the end of last year industrial output has continued to decline and indicators of business confidence, manufacturing and service sector activity all plumbed record lows in February. Television and the press should be more supportive of the government, said the media tycoon whose family owns Italy's main private television network and who, as prime minister, has considerable influence over the public network RAI.
Fonte: Forbes.com

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