TO the White House this week for the latest meet-the-President colloquy comes short (5 ft. 3 in.), sharp-witted Italian Premier Amintore Fanfani, 53. Sturdily pro-U.S. and pro-NATO, Fanfani brings no pressing problems and no requests for aid.

Since Fanfani took over last year, Italy's postwar economic renaissance has boomed faster than ever. National output rose 7% last year, investment 20%, consumer demand 10%. Italy has curbed inflation and made the lira good as gold, piled up some $3 billion in balance-of-payments credits. TV sets are almost as common as cars. An economics professor...

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