Monti hopes for no more sacrifices

[ via Business Report ] 17 Dec

Italian Prime Minister Mario Monti said Friday he was hopeful that he would not need to ask Italians for further sacrifices and that he had “no doubt” Italy would be saved from the eurozone debt crisis.

“Will this be the last lot of sacrifices? I hope so,” he told members of parliament before his austerity plan was formally adopted by the lower house, which had overwhelmingly voted in favour of the draconian measures.

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Politicians MINUS Government in Italy

Full story: Yahoo News 16 Nov

It may have come as a surprise to the Italian politicians, vying to join Mario Monti in the formation of new government in Italy, when Monti came up with his own type of government Wednesday- a politicians minus government. The newly formed government consists of bankers, diplomats and business executives.

Monti is quoted as saying that the absence of politicians in his Cabinet would spare political parties the "embarrassment" of taking the tough decisions needed to steer the country from financial disaster.

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