Tag: Silvio Berlusconi
Silvio BerlusconiMonti ensures support for techno cabinet, tells Italians not to blame others for the crisis
Italian Prime Minister Mario Monti on Friday won a final parliamentary confidence vote granting full power to his new government after pledging to spur growth and reduce debt in the euro-region’s third-largest economy.
Italian cabinet, totally technocrat, sworn in; parties promise support for reforms
Mario Monti formed a new technocrat government in Italy Wednesday to tackle a major debt crisis threatening the entire Euro zone and said he hoped it would placate financial markets.
Positive market reactions as Monti begins task of forming new government in Italy
Mario Monti is starting work to form a new government to lead Italy out of its acute debt crisis which prompted the resignation of Silvio Berlusconi. The appointment of Mr Monti, an ex-EU commissioner, was announced by Italy's president on Sunday.
“Super” Mario Monti to the rescue of foundering Italy (and the Euro)
The man who is ready to succeed outgoing Silvio Berlusconi as Italy’s next Prime Minister is a well respected economist and tough negotiator “Super” Mario Monti.
Putin running for president praises Berlusconi 17-year tenure as a “stability factor”
Russian Prime Minister Vladimir Putin praised outgoing fellow political veteran Silvio Berlusconi and defended his own decision to remain in power for years to come in front of an audience of foreign experts.
Italy at the point where Greece, Ireland and Portugal cracked; global markets on the edge
Stock markets in Asia opened sharply lower on Thursday after Italy's record-high cost of borrowing renewed fears over the Euro-zone crisis. Japan's Nikkei index fell 2.3%, Australia's ASX was down 2.8% while South Korea's Kospi opened 2.6% lower.
Berlusconi stepping down; technocrat or national unity government to follow
Italian Prime Minister Silvio Berlusconi said on Tuesday he would resign after suffering a humiliating setback in parliament that showed a party revolt had stripped him of a majority.
Italy agrees to EC and IMF monitoring of budget reforms in support of the Euro
Italy has agreed to allow the European Commission and the International Monetary Fund (IMF) to monitor its implementation of budgetary reforms that would cut state spending and raise revenue in a bid to prevent the sovereign debt crisis from spreading to the Euro zone’s third largest economy.
Euro zone bailout summit outcome in doubt; Italian government on the brink
Italy's cabinet failed on Tuesday to agree on pension reforms as the country seeks to re-launch its economy and tackle its debt. Meanwhile, financial markets nervously await the outcome of Wednesday's second Euro zone summit.
European leaders call on Libyans to build a strong and democratic future
French President Nicolas Sarkozy said on Thursday that the death of Muammar Gaddafi turned a page for the Libyan people and signalled the start of a democratic process.
