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Mario Monti

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  • ROME, May 17- Italy will pay out an extra 2 billion euros to pensioners in August to respect a ruling from the constitutional court which overturned part of a landmark 2012 reform, Prime Minister Matteo Renzi said on Sunday. Last month's ruling by the court has posed a major headache for Renzi's government, which has struggled to keep public finances within the...

  • UPDATE 1-OECD raises Italy 2015 GDP forecast to 0.6 pct Thursday, 19 Feb 2015 | 8:12 AM ET

    *Warns market sentiment could turn on Italy. Italy has not posted a single quarter of growth since the middle of 2011.. The 114- page report on Italy's economy contained a 2015 growth forecast of 0.4 percent, but the OECD's head Angel Gurria told reporters at a presentation that the most recent developments had prompted an upward revision.

  • Italy economy in ‘acute emergency’: Ex-PM Monti Friday, 5 Sep 2014 | 12:58 PM ET
    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 Friday, 5 Sep 2014 | 11:15 AM ET
    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 to meet French minister as Alstom deal progresses Saturday, 26 Apr 2014 | 10:17 AM ET

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

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

  • Investors See Bright Side to Italy Election Monday, 25 Feb 2013 | 8:36 AM ET
    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.

  • How to Play the Italian Election: Pro Friday, 22 Feb 2013 | 3:30 AM ET
    How to Play the Italian Election: Pro

    Marco Cristofori, head of equity department at Centrobanca talks to CNBC about his two investment scenarios for the outcome of the Italian election.