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Monti: Italy’s financial situation makes progress

By Frances D'emilio
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ROME (AP) — Italy’s financial situation has made progress compared with last year, the premier said Sunday, believing the country will eventually emerge from the bleak economic crisis.

Mario Monti said the condition of the economy was “worse” in 2011, before he was appointed to lead Italy down a tough path of austerity, new taxes and pension reforms.

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