Mario Monti agrees to form new Italian government
Sunday 13 November 2011
Economist Mario Monti tonight agreed to try to form a new government as Italy tries to avoid financial disaster.
Presidential palace officials announced that the former European Union competition commissioner received the formal mandate from President Giorgio Napolitano.
Mr Monti must now draw up a Cabinet, lay out his priorities and see if he has enough support in Parliament to govern effectively.
Hours earlier, Silvio Berlusconi's party gave its crucial appproval for Mr Monti to assemble a government, but insisted that it last only long enough to implement urgently need economic reforms.
Berlusconi resigned reluctantly yesterday, bowing to market pressures.
Mr Monti said he will get to work quickly to try to form a new government, assuring the nation that it can heal its disastrous finances.
He told reporters he will carry out the task "with a great sense of responsibility and service toward this nation".
He added that Italy must "heal its finances" and resume growth because today's leaders owe it to future generations.
- 1 Forget 'The Dress': Here are five of the biggest news stories you might have missed
- 2 The black and blue dress: Makers considering a white and gold version
- 3 PornHub turns masturbation into energy in bid to save the planet
- 5 Saudi Muslim cleric claims the Earth is 'stationary' and the sun rotates around it
Boris Nemtsov shot dead: Outspoken Putin critic who had expressed fears for his life is killed near the Kremlin
PornHub turns masturbation into energy in bid to save the planet
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
White and gold or blue and black – what colour is the dress? An eyewitness gives a definitive answer
Saudi Muslim cleric claims the Earth is 'stationary' and the sun rotates around it
New theory could prove how life began and disprove God
Half of Ukip voters say they are prejudiced against people of other races
This is what it's like to be dead, according to a guy who died for a bit
'Cash for access' scandal: Sir Malcolm Rifkind says 'unrealistic' for MPs to live on £67,000 salary
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Ukip would cut billions from Scottish budget to fund English tax cuts
£9 per hour: Recruitment Genius: This role is based within a small family run ...
£28000 - £32000 per annum: Recruitment Genius: This Design and marketing agenc...
£46000 per annum: Recruitment Genius: This property investment firm are lookin...
£18000 - £35000 per annum: Recruitment Genius: This company specialises provid...