Monday, November 14, 2011

Mario Monti asked to form a new government in Italy

----------------------------------------------------------The President of the Italian Republic Giorgio Napolitano charged Sunday the 'old EU Commissioner Mario Monti to form a new government is responsible for putting in order the finances to reassure financial markets and European partners in Rome.
After the resignation of Silvio Berlusconi, left under the jeers of thousands of Romans, the head of state has mandated that as planned economics professor aged 68 to lead a cabinet should be composed mainly of technocrats.
In a brief speech a few minutes after the announcement of his appointment by the Quirinal Palace, Mario Monti has promised to conduct "with a sense of urgency but with care" consultations to establish the composition of his government.
These discussions should begin as early as Sunday evening, starting with interviews with the presidents of the Senate and the Chamber of Deputies, Gianfranco Fini and Renato Schifano, sources said political sources.
Political sources again, it shows that Mario Monti probably appoint a dozen ministers in the coming days.
A process that normally takes several weeks has picked up, driven by Giorgio Napolitano, in a weekend led to the charge that saw Parliament approve the financial stability law - a set of austerity measures and support the growth demanded by the European Union - Silvio Berlusconi resigned in the wake, and Mario Monti take over.
The uncertainty of recent weeks Italy has strongly penalized in the bond markets, and Rome hopes that the arrival of Mario Monti will reassure the financial community.
"The country must become a pillar of strength, not a weak link in the European Union that we were among the founders," said the former European Commissioner for Competition.
The objective of the new government will be "to improve the financial situation and resume the path of growth in a context of increased attention to social justice," he added, saying that Italy could "overcome difficulties by a joint effort. "
"We owe it to our children," said the economist.
Wednesday appointed senator for life, Mario Monti met Saturday the President of the European Central Bank Mario Draghi as well as Italian politicians from various parties. He had a working lunch with Berlusconi.
He received support from the main opposition party as well as center-right Berlusconi, the People of Freedom (PDL), however subject to conditions and tore after the initial opposition of many internal factions.
"The party will support a government Monti, said the LDP MP Mario Baccini, as it will stick to the implementation of reforms agreed by the outgoing team with the European Union.
"Enormous opposition"
Sunday afternoon, the secretary general of the LDP, Angelino Alfano, but spoke of a "massive opposition" among the members of the party to a government Monti, despite the conditional offer of support made by management. But he also said the LDP would support Monti, following a meeting with Giorgio Napolitano.
Speaking to reporters after the appointment of Mario Monti, the head of state called for an extraordinary effort to overcome the political crisis in the country.
The next parliamentary elections are planned in Italy in 2013. The government has theoretically a year and a half to complete his reforms, but must secure the support of a majority of elected representatives in parliament, otherwise it could fall before the deadline.
Mario Monti will have to deal with the likely reluctance of parties of the left face of the announced increase in the retirement age or the relaxation of dismissal, but also with the potential hostility from the right.
The Northern League, a former ally of the outgoing majority, refused to support the next government.
whistled, copiously insulted the evening of Saturday, November 12, on his arrival at the Quirinal to resign, Silvio Berlusconi had not said its last word.
In a video message broadcast Sunday, Nov. 13, he assured that elected his party would do their duty and would support a technical government, while defending his record.
"We must stand together to face a crisis that was not born in Italy," said outgoing Chairman of the Board, finding that the euro did not have enjoyed the support of other currencies.
 (Source: Reuters)

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