MercoPress. South Atlantic News Agency

Italian prime minister designate expects a parliament confidence vote on Monday

The young politician has the support of most parties and promises radical reforms (Pic AP)

Italian Prime Minister-designate Matteo Renzi said he expected his new government to be in place in time for a formal vote of confidence in parliament on Monday, after he wrapped up consultations with the main political parties.

 “I'm convinced that the conditions are in place to do good work,” Renzi told reporters today after completing talks with parliamentary groups.

He said he expected to give President Giorgio Napolitano his formal acceptance of the mandate to form a government on Saturday, when he is likely to present his cabinet.

Renzi, who met Bank of Italy governor Ignazio Visco after his meetings with the parties, said he planned to spend Thursday working on a policy document and would continue to work on naming his future ministers.

Renzi has promised a radical policy program with reforms to the electoral and constitutional system, to the labor market, and to the public administration and tax systems within the first four months of taking office.

However, details have been sketchy, and there has been particular attention on his likely attitude to EU budget rules, following several public statements suggesting he would like to breach strict deficit limits to gain more room for his reform agenda and investment in infrastructure.