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NEWS ABOUT: Mario Monti

Death Toll in Italy Quake Hits 15

About 14,000 now homeless after pair of earthquakes

(Newser) - A second earthquake within 10 days jolted northern Italy this morning, a 5.8 tremor that killed at least 15 people and injured another 200. The quake hit at 9am local time, again just north of the city of Bologna, reports the AP ; a 6.0 temblor on May 20... More »

Europe Braces for Greek Exit

Hollande backs eurobonds at inconclusive summit

(Newser) - New kid on the European block François Hollande made an audacious debut at his first EU summit, but the crisis meeting ended without a clear solution to the eurozone's woes. The French president, backed by most EU leaders, supports issuing "eurobonds" to shore up troubled EU economies,... More »

Italy Passes Austerity Measures Amid Strikes

Furious unions protest with transport shutdown

(AP) - The Italian government today easily won a confidence vote on its package of austerity measures in the lower chamber of Parliament as more protest strikes hit the country. Premier Mario Monti had called the vote in the Chamber of Deputies to speed passage of the $39 billion in extra taxes... More »

Sarkozy, Merkel Announce Plan to Save Euro

Meanwhile, Italy announces austerity measures

(Newser) - Nicolas Sarkozy and Angela Merkel sat down for a working lunch in Paris today, and emerged with a joint statement calling for big changes to the euro zone’s governing treaties aimed at preventing future crises. Their vision includes a new European monetary fund, zone-wide deficit limits, and automatic penalties... More »

Italy's Monti Forms Politician-Free Government

He's sworn in as PM ... ciao, Berlusconi!

(AP) - It's a big day for Italy: Economist Mario Monti has been officially sworn in as PM—formally ending Silvio Berlusconi's 17-year-long run of political dominance—and he formed a new Italian government that doesn't include a single politician. Instead, he drew from the ranks of bankers, diplomats,... More »

Berlusconi's Party Backs Economist as New PM

Mario Monti faces gargantuan task

(Newser) - Silvio Berlusconi's conservative party is backing economist Mario Monti to put together a new coalition, leaving the man they call "professor" some outlandish shoes to fill and Italy's towering financial crisis to dig out of. And there's a catch: Monti's got to do it all... More »

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