European Commissioner Mario Monti was in frenetic talks with political parties, trade unions and employers on Monday, as he rushes to appoint a largely technocratic cabinet that Italians hope will restore faltering investor confidence in their country’s ability to repay its debt, Reuters reports. Monti is expected to seek a vote of confidence for the new government by Friday. However, the Financial Times writes that Silvio Berlusconi, who resigned from the post of prime minister on Saturday, struck a defiant note, noting that support from his People of Liberty party is essential for Monti to be able to govern. “We are ready to pull the plug,” Berlusconi reportedly said.
Monday, November 14, 2011