News Summary: OECD urges Italy to keep lean

News Summary: OECD urges Italy stick with debt reduction measures as new leader seeks growth

Associated Press
News Summary: OECD urges Italy to keep lean
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Angel Gurria, Secretary-General of the Organization for Economic Co-operation and Development (OECD), right, flanked by Italian Premier Enrico Letta, delivers his speech during the Economic Survey of Italy forum in Rome, Thursday, May 2, 2013. (AP Photo/Gregorio Borgia)

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.

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