monti-

Mario Monti, an Italian economist and a former commissioner, has recently set out just how much more is left to do.

As for the other demands, Mr Monti said he would stand aside rather than accept a time limit, insisting on serving until 2013.

Mr Monti said he would respect the country's parliament and hold urgent consultations with its political forces.

Addressing the need to appease markets quickly, Monti said he would name his new cabinet 'with urgency. '

Mr Monti, an ex-EU commissioner, said he was starting urgent talks on his cabinet, aiming to restore finances.

Speaking after a day of talks with political parties, Mr Monti said he was confident Italy would overcome its current crisis.

Efforts to stimulate growth will also be a priority. And Mr Monti said that in all the reforms to come, he'd work for a fairer society.

Mr Monti reserved the finance portfolio for himself and said he intends to serve a full term, until 2013.

"Industrial policy is no longer taboo, " says Mario Monti, a former competition commissioner. "There's a revival of demand for it. "

But by all accounts Monti faces a huge challenge trying to address Italy's fiscal problems.

Centrist politicians said they expected Mr Monti to give his answer within a week.

The name chosen by prime minister Mario Monti for the austerity package announced on Sunday could have hardly been more telling.

But Prime Minister Monti has also said he'll work for greater social fairness and create more jobs for young people.

Whether Mr Monti can save Italy ultimately depends on whether Europe is able to save itself.

"All this will, I trust, translate into a calming of that part of the market difficulty which concerns our country, " Mr Monti said.

The last prominent leader before Mario Monti, Italy's new prime minister, to exercise power as an appointed senator was Augusto Pinochet.

Monti said he would name a cabinet quickly.

The latest critic to line up for a shot at Italy's prime minister, Mario Monti, is the European Commission.

"Industrial policy is no longer taboo, " says Mario Monti, a former competition commissioner.

The new Italian prime minister, Mario Monti, is expected to submit details of a fresh austerity package to the eurogroup meeting.

Over the weekend, Italy's president tapped Mario Monti to lead the country out of Europe's sovereign debt crisis.

Monti provided few details but stressed there would be a dual focus on deficit cutting and economic growth.

Mr Monti is going to need a great deal of luck.

Mr Monti was also right to opt for an increase in property taxes.

Speaking to reporters shortly afterwards, Mr Monti said Italy should be an "element of strength and not weakness" within the EU.

Though Monti's new government is likely to be approved quickly by Parliament, any honeymoon period will be short.

Owing to an editing error an earlier version of this piece mistakenly said Mr Napolitano had attended mass, rather than Mr Monti.

In his first speech as premier-designate, Mr. Monti said Italy needed to make a huge effort to reignite growth.

The Italian Prime Minister Mario Monti has been sworn in as head of a new government made up entirely of technocrats.

After two days of talks in parliament, Mr Monti has received the backing of all but one of the political factions.

Mario Monti's government intends to usher in rapid economic reform to try to calm financial speculation.

Mario Monti, Italy's new prime minister, is about to introduce a programme of reform and austerity.

Mr Monti was appointed caretaker prime minister after a day of talks between President Giorgio Napolitano and political leaders.

On Wednesday, Italian President Giorgio Napolitano named former European commissioner Mario Monti a Senator for life.

The French and German leaders have asked Monti to come up with 'new ideas' to battle the crisis, which now threatens to engulf Italy.

But, as Mr Monti's warning suggests, they do not think these will be enough.

However, Mr Berlusconi's main coalition ally, the Northern League, has withheld its support until Mr Monti's policies have become clear.

Mario Monti, a former European commissioner, was sworn in as Italy's prime minister following Silvio Berlusconi's resignation.

But Mr Monti, as a former EU competition commissioner, should be even bolder.

Italy's new technocratic government under Mario Monti has not seen any relief either: ten-year yields remain well above 6%.

Mr Monti's technocratic cabinet contains bankers, ambassadors and bureaucrats but no politicians.

The main obstacle to Mr. Monti'sgovernment could come from Mr. Berlusconi's increasingly divided center-right coalition.

Napolitano, with broad assent in parliament, named the respected economist Mario Monti as Italy's new premier.

More than a "two speed" Europe, this could lead to what Mr Monti calls a "two-belief" Europe.

He invited Mrs Merkel, along with Italy's new prime minister, Mario Monti, to a pre-summit summit in Strasbourg on November 24th.

To do so, Mario Monti, the likely next prime minister, must focus his agenda on two broad issues.

Mr. Papademos and Mr. Monti should press their fellow European leaders for a new and better deal.

of the 27th Infantry Regiment is peppered with stones after firing mortar rounds at Outpost Monti in Kunar province.

Mr Monti's candidature was announced after President Giorgio Napolitano spent the day in 17 meetings with senior politicians.

The fiscal pact must not "strangle" weak economies, Mr Monti said.

Even as Mr Monti conferred with party politicians this week, the interest rate on Italy's government bonds twice leapt above 7%.

The fact that both Mr Papademos and Mr Monti are former EU officials has reinforced this.

Dr. Monti has specific expertise in the areas of Physiology, Pharmacology and Surgery.

It's expected that the new government will be led by Mario Monti, a tough well-respected economist.

A report on strengthening the single market by Mario Monti, a former EU commissioner, was issued on May 10th.

Monti's appointment was immediately welcomed by European leaders.

On Sunday, Italy named a new leader, Italian economist Mario Monti, to tackle the country's economic woes.

Mario Monti has restored Italy's good name in Europe. Now he wants help.

Stepping down now, rather than early next year, as was expected, puts Mr. Monti in play.

Mr Monti's challenge will be to enact a stringent austerity plan aimed at tackling Italy's massive debt.

"We need to focus on three pillars: fiscal rigor, economic growth and social fairness, " Mr. Monti said.

Mr Monti should also make sure that the package is seen as equitable.

Mr Monti's big idea is a swap: liberalism in exchange for redistribution.

Mr Monti has made a start and done some unpopular things.

In Italy, for instance, Silvio Berlusconi will be waiting for Mario Monti to trip up.

Soldiers with the 27th Infantry Regiment fire a 120mm mortar round from Combat Outpost Monti in Kunar province.

"We owe it to our children. We need to give them a future of dignity and hope, " Mr. Monti said.

Monti took a similar stance.

But Europe, and the world at large, has every reason to hope that Messrs Monti and Papademos can work miracles.

Mr Monti's measures favoured tax hikes instead of spending cuts.

France and Germany now feel they have some credible interlocutors in the periphery, notably Mario Monti in Italy.

Yet what Mr Monti must do is enormously tough.

She famously fined Microsoft EURO 899m for failing to comply with a ruling made in 2004 under Mr Monti.

The trouble is that, while Messrs Monti, Papademos and Draghi are very able men, they are not miracle-workers.

Mr Monti is also promising labour market reforms. These are essential.

Mario Monti appoints himself economy minister as he unveils Italy government

Prime Minister Mario Monti outlined his austerity measures, aiming at restoring confidence in Italy's public finances,

Commissioner Monti signs the declaration with Mr. Yu Guangzhou, Vice Minister of the Ministry

Mario Monti's survival after Italian senate approves austerity package boosts optimism, but Greece is hit by new protests

EU Commissioner Monti opens competition policy dialogue with China

Sacri Monti of Piedmont and Lombardy