Italian president holds talks on new government

November 13th, 2011 - 7:53 pm ICT by IANS  

Rome, Nov 13 (IANS/RIA Novosti) Italian President Giorgio Napolitano started consultations Sunday with parliamentary leaders to agree on an emergency government after Prime Minister Silvio Berlusconi resigned Saturday.

Berlusconi, 75, Italy’s longest-serving prime minister after World War II and the third-richest man in the country, had said he would resign after the parliament finally approved a package of tough austerity measures to tackle the country’s spiralling debt crisis.

After the consultations, Napolitano is expected to ask former European Commissioner Mario Monti to form a caretaker government, which will be charged with the task of implementing austerity measures to stabilise finances in the eurozone’s third largest economy.

–IANS/RIA Novosti

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