Mario Monti faces political confrontation

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
Mario Monti, prospective Italian PM met political resistance on creating a government as Italian borrowing costs surged and markets returned to downward trend, indicating concern on whether he will be able to tackle debt turmoil. Yesterday Monti strained to make parties agree on taking part in his new government. Monti pointed out that without their support he will not be able to end debt crisis.

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