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Mario Monti

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  • Most of the cuts he suggested in a 72- page review of Italy's public administration- an unpublished tome seen by Reuters that picks apart services ranging from disability benefits to policing- appear to have been ignored by Matteo Renzi's government.

  • *Italy looking to double oil, gas output by 2020. MILAN, May 22- Italy's government, buoyed by a strong showing in European elections, is stepping up efforts to boost domestic oil and gas output as mounting tension in Russia and North Africa raises the specter of disruption to energy imports.

  • ROME, May 11- Franco Picini, a schoolteacher in Italy's capital city, says he has voted for the left all his life, but in this month's European parliament elections, he will back the 5- Star Movement of comedian Beppe Grillo. "I know his political platform isn't very clear, but enough with Italy's old political guard!

  • *EU legislature faces challenge to its legitimacy. PARIS, April 27- At each election since Europe's unique experiment in cross-border democracy began in 1979, the percentage of voters casting ballots for the directly elected European Parliament has fallen.

  • PARIS, April 26- General Electric boss Jeff Immelt is due in Paris on Sunday and is expected to meet France's economy minister as he closes in on a deal to buy the global power arm of struggling French engineer Alstom, sources close to the matter said. Some put a $13 billion valuation on Alstom's turbines and power grid equipment business.

  • GE boss to meet French minister as Alstom deal progresses Saturday, 26 Apr 2014 | 10:01 AM ET

    PARIS, April 26- General Electric boss Jeff Immelt is due in Paris on Sunday and is expected to meet France's economy minister as he closes in on a deal to buy the global power arm of struggling French engineer Alstom, sources close to the matter said. Some put a $13 billion valuation on Alstom's turbines and power grid equipment business.

  • PARIS, April 25- U.S. industrial products giant General Electric is in talks to buy the global power turbines division of struggling French engineering group Alstom, according to two sources familiar with the discussions.

  • Italian President Giorgio Napolitano

    Napolitano rescued Italy in 2011 by replacing Berlusconi with technocrat Mario Monti. Italy's fate once again depends on the man affectionately known as "King George."

  • Italy's Letta Wins French Backing for Focus on Growth Thursday, 2 May 2013 | 2:08 AM ET

    Italy's new Prime Minister Enrico Letta won French backing on Wednesday for calls to spur economic growth alongside budget rigor.

  • Italian Bond Yields Could Be Poised on Precipice Tuesday, 30 Apr 2013 | 9:34 AM ET
    Victor Emmanuel II Monument in Rome, Italy.

    Italian bond yields broke below the 4 percent level on Monday and remain at record lows, but analysts warn the country's borrowing rate is poised on a fragile tipping point, after Prime Minister Enrico Letta’s maiden speech divided market opinion.

  • Italy's Prime Minister Wins Confidence Vote Monday, 29 Apr 2013 | 11:25 PM ET
    New Italian Prime Minister Enrico Letta

    Italy's new Prime Minister Enrico Letta won his first vote of confidence in parliament on Monday after promising to press for a change to the European Union's focus on austerity.

  • Italy Government Could Be Agreed Saturday: Sources Friday, 26 Apr 2013 | 9:31 AM ET

    Italian prime minister-designate Enrico Letta could announce a new government on Saturday and go before parliament to spell out its program early next week, political sources said on Friday.

  • Italy's President Invites Letta to Form Government Wednesday, 24 Apr 2013 | 7:03 AM ET

    President Giorgio Napolitano has given Enrico Letta, deputy head of the center-left Democratic Party (PD), a mandate to try to form a new government, according to news wires on Wednesday.

  • For Italy, Maybe Some Order From all the Chaos Sunday, 21 Apr 2013 | 5:14 PM ET
    Victor Emmanuel II Monument in Rome, Italy.

    The re-election of Italy's president has raised the prospect of an end to the stalemate that followed the general election, with a move to form a government foreseen within days.

  • Italy Delays $50 Billion Payment of State Debts Thursday, 4 Apr 2013 | 1:28 AM ET

    Italy's caretaker government announced on Wednesday it was delaying approval of a decree to pay back some 40 billion euros of state debts to private firms.

  • Italy Still Far From Government, New Elections Loom Wednesday, 27 Mar 2013 | 2:13 AM ET

    A new Italian government is still a long way off and the country may be headed for fresh elections, a senior official of Silvio Berlusconi's center-right party said.

  • Pier Luigi Bersani, leader of Italy's Democratic Party

    Italian parties reacted skeptically on Friday to center-left leader Pier Luigi Bersani's call for a government backed by all political forces, complicating efforts to end the stalemate left by last month's election.

  • Austrian architect Wolf Prix of CooP Himmelblau gestures during a media tour of the the new European Central Bank (ECB) headquarters on September 20, 2012 in Frankfurt, Germany.

    A dramatic anti-austerity vote leaves Italy lying outside the fortress the European Central Bank constructed around the euro zone last September.

  • Italian Voters Have a Sense of Humour: Expert     Tuesday, 26 Feb 2013 | 2:00 AM ET

    Alberto Mingardi, director general at the Bruno Leoni Institute, tells CNBC that Italians voted against un-credible policy proposals and went for the entertainment.

  • Italy's Political Limbo     Tuesday, 26 Feb 2013 | 1:03 AM ET

    After an election that left no party with a clear majority, Steve Sedgwick asks what is next for Italy.