Economist Monti to quickly form new Italian govt (AP)

[TimesTen]

<p><a href="http://us.rd.yahoo.com/dailynews/rss/topstories/*http://news.yahoo.com/s/ap/20111114/ap_on_bi_ge/eu_italy_financial_crisis"><img src="http://d.yimg.com/a/p/ap/20111113/capt.de981127a56d438898422bf6e3097596-0c0577ce27b54082acde6424b06014c9-0.jpg?x=130&y=91&q=85&sig=hkdqq0JSsvIkBEqTIWlbTw--" align="left" height="91" width="130" alt="Italy's new premier-designate economist Mario Monti walks past a Cuirassier presidential guard at the Quirinale Presidential Palace in Rome after talks with Italian President Giorgio Napolitano, Sunday, Nov. 13, 2011. Monti told reporters Sunday night he will carry out the task 'with a great sense of responsibility and service toward this nation.' He added that Italy must 'heal its finances' and resume growth because today's leaders owe it to future generations. The former European Union competition commissioner received the formal mandate from President Giorgio Napolitano. Monti must now draw up a Cabinet, lay out his priorities and see if he has enough support in Parliament to govern effectively. Premier Silvio Berlusconi resigned reluctantly on Saturday, bowing to market pressures. (AP Photo/Roberto Monaldo, LaPresse) ITALY OUT" border="0" /></a>AP - Economist Mario Monti accepted the monumental task Sunday of trying to form a new government that can rescue Italy from financial ruin, expressing confidence that the nation can beat the crisis if its people pull together.</p><br clear="all"/>

 

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