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Saturday, 22 December 2012

Italy's Monti Quits, Setting Up Volatile Race :

ROME—Italian Prime Minister Mario Monti resigned Friday, ending an emergency administration that helped loosen Italy from the grips of Europe's debt crisis through deft international moves, but leaves the euro-zone's third-largest economy still struggling.
Mr. Monti's resignation—following, as expected, parliamentary approval of the 2013 budget law—sets the stage for a tumultuous election season over which the outgoing premier and his government's legacy will loom large.
The raft of economic overhauls and austerity measures adopted under the Monti government has become a lightning rod for criticism among Italy's rowdiest political parties, including Silvio Berlusconi's People of Freedom Party, in the campaign ...

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