Italian Prime Minister Mario Monti

Italian Prime Minister Mario Monti

Alessia Pierdomenico/Bloomberg

Italy remains without a new government after an election in February failed to produce a parliamentary majority, leaving Prime Minister Mario Monti as caretaker. Monti said April 10 that Italy’s debt will reach a post-war record of 130.4 percent of gross domestic product this year as the euro region’s third-biggest economy borrows to help contribute to bailouts and pay arrears to government suppliers.