Lunedì, 22 Ottobre 2018

Monti says financial crisis passed, but social woes persist


Rome, January 8 - Italy has overcome the worst of
its financial emergency, but now faces large economic and social
troubles, outgoing Premier Mario Monti said Tuesday.
"We are over the financial emergency, but we are in an
economic and social emergency," Monti told Mediaset television.
He said that to solve these problems, the country must
"mobilize the reformers" who will find solutions.
Former European commissioner Monti took over the helm of an
emergency government of unelected technocrats when Italy's
spiralling debt crisis forced Silvio Berlusconi to quit as
premier in November 2011.
His austerity policies boosted investor confidence and
taken Italy out of the centre of the eurozone debt crisis, but
they have also deepened the recession and contributed to rising
Monti is standing in next month's general elections on a
reform platform.

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