Italy's c bank governor makes rare budget comment

ITALY - Italy's new budget drew a less than enthusiastic response last Friday from Antonio Fazio, Italy's central bank governor, who said it relied heavily on one-off measures as a means to raise revenues and reduce the national budget deficit.

His comments carried weight as the central bank has traditionally stayed out of the political fray, lending particular authority to its judgments on economic matters.

The government is trying to satisfy two constituencies at once with its budget, promisi