I’d suggest a Century, although the italics aren’t as slanted as in your sample.

http://www.myfonts.com/search?search%5Btext%5D=Century+expanded+italic

More weights:

http://www.myfonts.com/search?search%5Btext%5D=ITC+Century

ITC Modern No. 216

Further afield: Farnham Display

You want as much contrast (very thin serifs)?

Bald Condensed: Yes, I'm looking for something with strong contrast, just not quite as thick as Elephant is.

There must be some kind of Bodoni Italic amongst all the different versions that's lighter than that.

Nick Cooke