Matteo Renzi should not resign if he loses the referendum on which he has staked his premiership – but if he does it will not be a disaster, his predecessor as Italy’s prime minister told CNBC on Friday.
Mario Monti, former prime minister of Italy, says that he hopes Matteo Renzi will not resign if he loses the upcoming referendum, though the European economy is strong enough to weather this potential storm.
Mario Monti, former prime minister of Italy, believes current premier Matteo Renzi can win the country's referendum on constitutional reform this year.
Mario Monti, former prime minister of Italy, talks about Italy's economy and its political future.
What if Europe was a multinational company and Greece its troubled subsidiary? Prof. Markus Venzin offers a four-step turnaround plan.
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.
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
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.
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 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.
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.
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.
A dramatic anti-austerity vote leaves Italy lying outside the fortress the European Central Bank constructed around the euro zone last September.
Alberto Mingardi, director general at the Bruno Leoni Institute, tells CNBC that Italians voted against un-credible policy proposals and went for the entertainment.