Ferrari boss `planning to enter politics` - (d)

Ferrari boss `planning to enter politics` - (d)

Luca Cordero. (auto.com)

Brindisi (ANTARA News/AKI) - Ferrari chairman Luca Cordero di Montezemolo is eyeing a move into Italian politics in December 2011, he told is said to have told businessmen during a a recent visit to Italy`s northeast Veneto region, Adnkronos news agency has learned.

Montezemolo told a meeting of local government representatives in Italy`s southern Puglia region that political forces on the right and the left in Italy told "two equal and opposite fairytales".

During to his visit earlier last week to Veneto - one of Italy`s industrial powerhouses - Montezemolo told businessmen he was interested in the 40 percent of Italians "who want a fresh start".

Italy, burdened with the second highest public debt in Europe, and near-zero economic growth over the past decade, has recently been downgraded by Moody`s and Standard and Poor`s credit ratings agencies.

A welter of sex and graft scandals mainly involving the centre-right have also eroded support for the conservative ruling coalition as well as its handling of the chronically stagnant economy.

Last year, Montezemolo quashed speculation he had political ambitions when he told journalists he intended to continue to focus on Ferrari.

Montezemolo is a successful businessman. Under his seven-year chairmanship of Fiat, Italy`s biggest manufacturer rebounded from near bankruptcy in 2004 to become one of the world`s top carmakers.

In July 2009, Montezemolo founded the think-tank Italia Futura, of which he is president. The think-tank is close to Italian lower house of parliament speaker Gianfranco Fini, a former former key ally of Italy`s conservative prime minister Silvio Berlusconi.
(T.A045/H-AK)

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