New Italian Prime Minister ready to form government

New Italian Prime Minister ready to form government
Wednesday, November 16, 2011 - 9:44am

Italy's Prime Minister-Designate Mario Monti says he is ready to present his new government to the President.

Motni made the announcement after having won wide backing from political, business and union leaders during two days of intense consultations. Monti's cabinet is expected to be made up of people with economic expertise as Italy embarks on reforms to reduce the massive national debt.

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