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Mario Monti

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  • 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."

  • ROME, May 7- On Saturday April 20, the leaders of Italy's two biggest political forces climbed the Quirinal, highest of Rome's seven ancient hills, and begged President Giorgio Napolitano to stay for a second term.

  • ROME, May 6- Italy can stage an economic recovery without increasing its huge public debt, Prime Minister Enrico Letta said on Monday ahead of a meeting with his Spanish counterpart where he hoped to find support for his calls for a policy switch in Europe.

  • ROME, May 3- Italian Prime Minister Enrico Letta named a leading critic of Europe's austerity programmes as deputy economy minister, directly below the orthodox former Bank of Italy official chosen to head the ministry.

  • ROME, May 3- More than 60 percent of Italians have confidence in new prime minister Enrico Letta, but only 7 percent expect his right-left coalition government to last for a full five-year term, a survey showed on Friday.

  • 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.

  • ROME, May 1- Italy's new Prime Minister Enrico Letta won French backing on Wednesday for calls to spur economic growth alongside budget rigor, but problems lay closer to home with coalition partners demanding tax cuts that would blow a hole in the budget.

  • ROME, May 1- Italy's new prime minister Enrico Letta won French backing on Wednesday for calls to spur economic growth alongside budget rigour, but problems lay closer to home with coalition partners demanding tax cuts that would blow a hole in the budget.

  • ROME, May 1- Italy's new prime minister, Enrico Letta, is preaching an end to austerity while pledging to meet European Union debt targets and his fledgling coalition is already at odds over how to pay for cuts to an unpopular housing tax.

  • ROME, May 1- Italy's new prime minister, Enrico Letta, is preaching an end to austerity while pledging to meet European Union debt targets and his fledgling coalition is already at odds over how to pay for cuts to an unpopular housing tax.

  • The formation of a new government is positive for Italy, but the sovereign has very limited fiscal headroom and the coalition government may not be strong enough, or last long enough, to deliver the structural economic reforms needed to increase trend growth, Fitch Ratings says.

  • LONDON, May 01 The formation of a new government is positive for Italy, but the sovereign has very limited fiscal headroom and the coalition government may not be strong enough, or last long enough, to deliver the structural economic reforms needed to increase trend growth, Fitch Ratings says.

  • 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.

  • *Plans visit to Brussels, Paris, Berlin this week. ROME, April 29- 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 and pursue economic growth and jobs.

  • *Plans visit to Brussels, Paris, Berlin this week. ROME, April 29- Italy's new Prime Minister Enrico Letta promised to press for a change to the European Union's focus on austerity and pursue economic growth and jobs as his government sought backing from parliament on Monday, ending months of political gridlock.

  • *Plans visit to Brussels, Paris, Berlin this week. ROME, April 29- Italy's new Prime Minister Enrico Letta pledged to push for a change to the European Union's focus on austerity and pursue growth and jobs in an inaugural speech on Monday laying out the priorities for his coalition government.

  • Plans visit to Brussels, Paris, Berlin this week. ROME, April 29- Italy's new Prime Minister Enrico Letta pledged to push for a change to the European Union's focus on austerity and pursue growth and jobs in an inaugural speech on Monday laying out the priorities for his coalition government.

  • UPDATE 2-Investors welcome new Italian government Monday, 29 Apr 2013 | 5:33 AM ET

    *Investors shrug off Moody's bailout warning. MILAN, April 29- Investors welcomed on Monday the formation of a new government in Italy, piling into the country's assets and brushing off a warning it might still need international aid to weather a deep economic crisis.

  • ROME, April 29- Italian manufacturing business morale fell in April to its lowest level since August 2012, dragged down by weaker sentiment on orders and the production outlook, data showed on Monday. Italy is languishing in its longest recession for 20 years.