Subscribe Register Login

Thursday, October 02, 2014, 5:57 a.m.
Top Picks - Arkansas Daily Deal

Monti resigns as Italian prime minister after 13 months

By Bloomberg News

This article was published December 21, 2012 at 12:58 p.m.

Italian Prime Minister Mario Monti resigned, ending a 13-month tenure and clearing the way for elections that will focus on his crisis-fighting austerity policies.

The appointed premier submitted his resignation Friday to President Giorgio Napolitano, according to a statement from the president’s office.

Napolitano asked Monti’s Cabinet to remain in power to handle routine government administration. Monti stepped down after lawmakers passed a 2013 budget law. The president has suggested Feb. 24 as the date for elections.

Monti took over last year just as Italy risked becoming the next victim of Europe’s debt turmoil under former Premier Silvio Berlusconi. While he’s overseen a recovery in Italy’s bonds and repaired its tattered standing abroad, his agenda left Italians with higher taxes, rising unemployment and a shrinking economy.

Monti, who has never sought elected office, may use a Sunday news conference to announce whether he’ll sit out the election, or heed the call of a group of centrist political parties who want him to run on a platform of continued reforms for the eurozone’s third-largest economy.

Comments on: Monti resigns as Italian prime minister after 13 months

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

TOP JOBS

  • Carriers

    carriers wanted monthly earnings of up to $1200 Delivering t...
    Little Rock, AR

  • Cna's

    ashley health and rehabilitation is accepting applications f...
    ROGERS, AR

  • Certified hvac technician at

    Oakwood Apts. in Jacksonville. Fax resumes to: 501-982-0743...
    JACKSONVILLE, AR

  • Concrete cutters

    concrete cutters - Exp. a + will train. Drug screen & good d...
    JACKSONVILLE, AR

  • Cdl drivers

    cdl driversno experience needed!Schneider National is the be...
    LITTLE ROCK, AR

Search 952 jobs >

Top Picks - Arkansas Daily Deal
Arkansas Online