• 2012 growth slashed to -1.2% from -0.5%
  • 2012 deficit raised to 1.7% from 1.6%
  • 2013 growth to +0.5% from +0.3%
  • 2013 deficit to 0.5% of GDP from 0.1%

Reuters published the figures after obtaining the draft document yesterday. The IMF yesterday estimated Italy’s deficit will be 2.4% this year, so Italy is still in dreamland.