France and Germany agreed Thursday to stop arguing in public over whether the European Central Bank should do more to rescue the Euro zone from a deepening sovereign debt 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.
New Italian PM Mario Monti's government of technocrats passed its first test, winning a vote of confidence in the senate late Thursday. As expected, the government won the vote in the upper house of parliament easily, by 281 votes to 25.
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.
Italy's Prime Minister-designate Mario Monti said on Monday his first day of talks for a new government were constructive and he hoped to form an administration that could take the country through to the next scheduled elections in 2013.
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.
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.