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(01/27/04) -

Italians Have Negative Views On Economy

(CPOD) Jan. 27, 2004 – Many Italians are distressed over their government’s handling of the economy, according to a poll by Eurispes. 44.6 per cent of respondents say the government’s policy has failed, and 21.1 per cent say the current strategy does not fit the current needs of the country.

(CPOD) Jan. 27, 2004 – Many Italians are distressed over their government’s handling of the economy, according to a poll by Eurispes. 44.6 per cent of respondents say the government’s policy has failed, and 21.1 per cent say the current strategy does not fit the current needs of the country.

Prime minister Silvio Berlusconi has pledged to implement tax cuts and regulate major public works, in an effort to revitalize the country’s financial status.

A scandal involving dairy producer Parmalat has also affected views in Italy. On Dec. 19, 2003, the company revealed a “false” $4.9 billion U.S. account. Parmalat has since entered bankruptcy protection.

Eleven people –including company founder Calisto Tanzi– have been detained while the investigation progresses. Tanzi admitted to prosecutors that he used Parmalat’s funds to help his family’s languishing travel business.

Polling Data

What is your assessment of the government’s economic policy?

==Negative==

==65.7%==

The policy has failed

44.6%

The policy does not fit the needs of the country

21.1%

==Positive==

==25.2%==

The policy will be solid overtime

17.8%

The policy has been satisfactory

7.4%

Source: Eurispes
Methodology: Interviews to 1,500 Italian adults, conducted in January 2004. No margin of error was provided.