8 years ago
Saturday, December 22, 2012
Italian Prime Minister Mario Monti Resigns
After just over a year as prime minister, Mario Monti hands in his resignation as Italy prepares to go to the polls.
Italian Prime Minister Mario Monti has resigned, paving the way for a general election next year.Mr Monti, a former European Commissioner, had been appointed last year to lead a technocratic government tasked with saving Italy from a worsening financial crisis.
He won plaudits in Europe for passing much-needed reforms but his austerity measures have also earned him the opposition of many Italians.
The prime minister held his last cabinet meeting on Friday and handed in his resignation to President Giorgio Napolitano.
Earlier in the day, the Italian parliament had approved the 2013 budget drawn up by his government.
Mr Monti called his 13-month tenure "difficult but fascinating".
"The work we did ... has made the country more trustworthy, besides more competitive and attractive to foreign investors," he told diplomats, who gave him a standing ovation.
"I hope that it can continue this way also in the next legislative session."
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