Italy's PM speaking to European Parliament in Strasbourg

He adds:

  • Role is to get Europe project, up, running again
  • European project seems to have lost momentum
  • Austerity has had devasting social effects
  • EU oligarchic system ignores people's needs
  • Strongly believes in trans-Atlantic alliance.

Italy has seen their economy suffer. GDP for 4Q came in at -0.2% which was the 2nd consecutive quarter of declines. ON Friday Industrial production fell for the 4th consecutive month. Italian industrial output fell 0.8% in December from the month before. That was below the estimate of a 0.4% increase.