Berlusconi party backs interim PM

A close associate of Silvio Berlusconi has promised that the outgoing Italian prime minister’s party will give full support to Mario Monti, as the economist prepares to form a government which aims to save the country from financial disaster.

Berlusconi party backs interim PM

A close associate of Silvio Berlusconi has promised that the outgoing Italian prime minister’s party will give full support to Mario Monti, as the economist prepares to form a government which aims to save the country from financial disaster.

Mr Monti held talks into the early hours with Angelino Alfano, the secretary of Berlusconi’s People of Freedom party, to smooth over tensions.

Outgoing Foreign Minister Franco Frattini told Rome daily Il Messaggero that backing from both Mr Berlusconi and Mr Alfano ensures Mr Monti the “full commitment” of their party, the largest in Parliament.

Mr Berlusconi, bowing to market pressures, resigned last week.

Italy won some respite in the markets today, as the yield on its 10-year bonds dropped 0.16 percentage points to 6.77%.

More in this section

Budget 2022 Logo

What impact will this  year's budget have on you and your business.

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
Puzzles logo
IE-logo

Puzzles hub

Visit our brain gym where you will find simple and cryptic crosswords, sudoku puzzles and much more. Updated at midnight every day. PS ... We would love to hear your feedback on the section right HERE.

Lunchtime
News Wrap

A lunchtime summary of content highlights on the Irish Examiner website. Delivered at 1pm each day.

Sign up
Revoiced
Newsletter

Our Covid-free newsletter brings together some of the best bits from irishexaminer.com, as chosen by our editor, direct to your inbox every Monday.

Sign up