Politics Mario Monti

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  • ROME/ MILAN, Feb 18- When Parmesan prices proved too volatile for Italy's strained banks a dairy cooperative near Bologna came up with a novel solution to its funding needs, bonds backed by wheels of cheese. At the heart of the problem is the failure by successive governments to cut the cozy ties between Italy's banks and companies, weaning them off loans and onto...

  • ROME, Feb 15- Italy's public finance difficulties are set to deepen as its economy weakens, and it may be punished by the markets even if Prime Minister Matteo Renzi reaches a compromise with the European Commission over this year's budget. Tax revenues may also disappoint, making it less likely Italy can bring down its huge debt for the first time in eight years as...

  • A Greek flag during a rally in Athens.

    What if Europe was a multinational company and Greece its troubled subsidiary? Prof. Markus Venzin offers a four-step turnaround plan.

  • Former Italian First Minister and Member of the Italian senate of the new Italian Government Mario Monti.

    Italy is still embroiled in financial crisis — but it isn't severe enough to convince the public that reforms are needed, the ex-prime minister said.

  • Renzi is still untested: Ex-PM Monti

    Mario Monti, former Prime Minister of Italy, says his successor, Matteo Renzi, is yet to be truly tested as the head of government.

  • GE boss 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 power arm of French engineer Alstom

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

  • 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.

  • 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.

  • 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.

  • 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.

  • 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'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.

  • 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

    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

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

  • Prime Minister Mario Monti casts his vote in a polling station on February 24, 2013 in Milan, Italy.

    Hopes of a victory for a pro-reform Italian government helped fuel a stock market rally and support government bonds on Monday in the final stages of voting in the general election.