Sunday, November 13, 2011

Mario Monti may step in to save Rome

Full Story: The News 13 November 2011

Mario Monti
Mario Monti, 86-year-old Napolitano, a former Italian Communist Party leader and economist, is likely to form a new government to save debt-ridden Rome after the resignation of Silvio Berlusconi. 

Italian president Giorgio Napolitano will hold talks with political parties from 0800 GMT before giving his mandate for the formation of a new cabinet that will have to move quickly to push through painful economic reforms, the News reports.

On the other hand the leading investors are pushing for a new government to be in place by Monday, in time for the opening of the markets as good omen.


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