Monti Must Govern Italy to 2013 to Lead Reform, Berlusconi Tells Corriere

Silvio Berlusconi, who resigned as Italy’s prime minister on Nov. 12, told Corriere della Sera that his successor Mario Monti must govern through 2013 to complete the reforms he plans to undertake.

Berlusconi isn’t setting a time limit on his successor, though he won’t back the government if, for example, it seeks to introduce a wealth tax, he told the daily newspaper.

Monti, who leads the technocratic government, has told the former prime minister he won’t run in the country’s next elections, Berlusconi told the Milan-based newspaper. The People of Liberty’s candidate will be selected through primaries and “I am reasonably convinced that Angelino Alfano will win.”

“Our government had no fault,” and the crisis is a euro crisis, as shown by spreads on Italy’s debt which have remained “high” since his resignation, the newspaper reported.

Berlusconi asked the new government to push for the European Central Bank to become a lender of last resort to preserve the euro, he was cited as saying. He’s also sought a review of European Banking Authority rules which “choke” Italy’s lenders, the newspaper reported.

To contact the reporter on this story: Elisa Martinuzzi in Milan at emartinuzzi@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net

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