Skip to content
Subscriber Only

Monti Sworn in as Italian Prime Minister Before Confidence Votes

Mario Monti was sworn in as Italian prime minister and finance minister, taking over an unelected government charged with imposing austerity to prevent the euro area’s third-biggest economy from succumbing to the debt crisis.

Monti, 68, and his Cabinet took the oath in Rome from President Giorgio Napolitano, who reached outside the political arena to offer Monti the job after the resignation of Prime Minister Silvio Berlusconi on Nov 12. Monti’s ministers include Corrado Passera, chief executive officer of Intesa Sanpaolo SpA, the new industry minister and Antonio Catricala, head of the antitrust regulator, who will serve as deputy premier.