Italy Prime Minister Mario Monti Resignation

December 21, 2012 by  

Italy Prime Minister Mario Monti Resignation, Italian Prime Minister Mario Monti will hand in his resignation to the president after parliament approves the 2013 budget later on Friday, opening the way to an election expected in February, political and government sources said.

The former European commissioner, appointed to lead an unelected government to save Italy from financial crisis a year ago, has kept his own political plans a closely guarded secret but he has faced growing pressure to seek a second term.

European leaders including German Chancellor Angela Merkel and European Commission President Jose Manuel Barroso have called for his economic reform agenda to continue but Italy’s two main parties have said he should stay out of the race.

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