Italy's new economy minister aims to cut taxes and spending

ROME (Reuters) - Italy's new economy minister Fabrizio Saccomanni plans to cut taxes and public spending and lower borrowing costs, according to an interview published on Sunday in daily la Repubblica.

Italy's bank chief confirms recession in 2012

ROME (AP) — Italy's central bank chief on Saturday predicted that the eurozone's third-largest economy will see a return to growth next year, but he confirmed forecasts that 2012 will be a "year of recession."