Gavin's Feed
Jan 8, 2013

Italy jobless records put heat on Monti in poll race

ROME (Reuters) – Italy’s jobless rate remained at a record high in November while youth unemployment jumped to a new peak above 37 percent, data showed on Tuesday.

Italy has been in a deep recession since the middle of 2011 and unemployment has risen steadily as businesses clamp down on staffing levels to cope with crumbling domestic demand.

Jan 2, 2013

Six months on, Monti’s labour reform has changed little

ROME (Reuters) – Overhauling Italy’s rigid labour rules was supposed to be Mario Monti’s flagship reform.

It required drawn out, often heated bargaining with unions, employers and political parties. Yet six months after their approval the measures seem to be having little effect on hiring, firing or the labour market in general.

Jan 2, 2013

Analysis: Six months on, Monti’s labor reform has changed little

ROME (Reuters) – Overhauling Italy’s rigid labor rules was supposed to be Mario Monti’s flagship reform.

It required drawn out, often heated bargaining with unions, employers and political parties. Yet six months after their approval the measures seem to be having little effect on hiring, firing or the labor market in general.

Dec 23, 2012

Monti steps boldly into Italy election race: maybe

ROME (Reuters) – Outgoing Italian Prime Minister Mario Monti has many unquestioned qualities but it is starting to seem that bold political decision-making may not be one of them.

After keeping his supporters waiting for weeks to know whether he would lead them in Italy’s upcoming election, Monti held an eagerly awaited news conference on Sunday – and announced that they would have to wait a little longer.

Dec 23, 2012

Italy’s Monti says would consider standing at election

ROME (Reuters) – Italian caretaker Prime Minister Mario Monti said on Sunday he would be ready to run for a second term in next year’s election if he was asked to do so by political forces that adopted his reform agenda.

The former European commissioner, appointed to lead an unelected government to save Italy from financial crisis a year ago, resigned on Friday but has faced growing calls to seek a second term at the election on February 24-25.

Dec 23, 2012

Monti says minded not to run in election, talks reform

ROME (Reuters) – Italian caretaker Prime Minister Mario Monti indicated in a newspaper interview published on Sunday he would probably not stand in a February election but would try to convince the winner to complete the reforms his government has begun.

Monti, who is expected to end weeks of speculation about his political future when he holds a news conference at 1000 GMT, told La Repubblica daily he would use it to present a list of reforms that the next government should urgently enact.

Dec 22, 2012

Monti set to declare intentions as Italy election race begins

ROME (Reuters) – Italian caretaker Prime Minister Mario Monti is expected to end weeks of speculation about his political future on Sunday when he reveals the role he plans to play in February’s national election.

The former European commissioner, appointed to lead an unelected government to save Italy from financial crisis a year ago, has faced calls to seek a second term at the election on February 24-25, but his doubts appear to be growing.

Dec 22, 2012

Italy dissolves parliament, Monti mulls future

ROME, Dec 22 (Reuters) – Italy’s head of state dissolved
parliament on Saturday and opened the way to a February
election, with doubts growing over whether outgoing Prime
Minister Mario Monti will participate in what promises to be a
bitter campaign.

Monti resigned on Friday a couple of months ahead of the end
of his term of office, after his technocrat government lost the
support of Silvio Berlusconi’s centre-right People of Freedom
(PDL) party.

Dec 22, 2012

Monti mulls future after resignation, may not stand in vote

ROME (Reuters) – Italian caretaker Prime Minister Mario Monti is mulling his political future after resigning on Friday but a source close to him said he was unlikely to commit soon to any active role in the national election expected in February.

President Giorgio Napolitano was meeting representatives of the main parties on Saturday and later in the day was expected to dissolve parliament and call an election for February 24.

Dec 21, 2012

Italy PM Monti resigns, elections likely in February

ROME, Dec 21 (Reuters) – Italian Prime Minister Mario Monti
tendered his resignation to the president on Friday after 13
months in office, opening the way to a highly uncertain national
election in February.

The former European commissioner, appointed to lead an
unelected government to save Italy from financial crisis a year
ago, has kept his own political plans a closely guarded secret
but he has faced growing pressure to seek a second term.