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Incoming Italian Prime Minster Mario Monti isn’t wasting any time in trying to put his country on the right path to avoid economic disaster. Monti was appointed to the position after the sudden resignation of Silvio Berlusconi. The first order of business for Monti – setting up a new government, which will be no easy task.
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Italy’s Prime Minister, Silvio Berlusconi, said he will resign as soon as a new budget – that includes austerity measures – is approved by Parliament. Berlusconi stressed that his country needs to prove to lenders and markets that they’re striving to solve their debt worries, and that leadership and everything else comes after that.
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In a move that likely surprises very few people, Italian Prime Minister Silvio Berlusconi has announced he will NOT run for re-election when his term expires in 2013. BUT the scandal-prone PM said that before he leaves, he plans on completing his overhaul of Italy’s judicial system, along with changing the constitution.
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