Mario Monti, who recently resigned his post as the prime minister of Italy, may be back again. For proponents of the current austerity plans, his return would be good news. The balance of Europe sees these austerity plans as a way for the European nation to cut its debt and its deficit. If Italy’s economy does not plunge into recession, Monti’s programs could be a template for the balance of the region.
Source: Thinkstock
Italy’s centrist politicians are gathering around Mario Monti following his offer to lead an alliance into elections in February, setting the stage for a confrontation with Silvio Berlusconi in his attempt to return to power.
Mr Monti, who was appointed technocrat prime minister 13 months ago and has never fought an election in his life, is due to meet with prospective coalition partners on Thursday to discuss strategy and candidate lists, politicians said.
Douglas A. McIntyre
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.