When it Comes to Economic Growth, the Financial Times Doesn't Know Which Way Is Up

The Financial Times ran a piece on Italy's debt crisis. At one point it told readers:

"With Italy needing to roll over nearly €300bn of its €1,900bn debt  mountain next year, Mr Berlusconi is under intense pressure from the EU and ECB to push ahead quickly with measures to lift the stagnating economy"

Actually, the opposite is true. The EU has been pushing Italy to take measures to reduce its deficit, like cutting spending and raising taxes. These measures will slow growth, not increase it.

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