Monti formed a new government on Wednesday

Note: This section contains information in English only.
Source: Dukascopy
© Dukascopy
We will support his [Monti's] government very much"
- Emma Marcegaglia, head of employers association at Confindustria

Recently appointed Italian Prime Minister Mario Monti formed a new government on Wednesday to avert collapse of the nation's economy and win back investors' confidence. Members of the government are mainly drawn from private sector and academia with Monti to serve as prime minister and economy minister.

"We feel sure of what we have done and we have received many signals of encouragement from our European partners and the international world. All this will, I trust, translate into a calming of that part of the market difficulty which concerns our country," said Monti after presenting new cabinet.

"We said we will support his government very much. We think this government is the last chance for Italy to exit from this situation of emergency," said Emma Marcegaglia, head of employers association at Confindustria after meeting Monti.

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