Monti Government’s Resignation May Slow Year of Euro Accord
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Italian Prime Minister Mario Monti’s looming resignation may threaten progress in fighting the three-year debt crisis even as European leaders wrap up the year with newly won breathing room.
Monti, under pressure from euro-area and business leaders to enter the Italian election campaign, plans to quit once parliament passes his budget this week following former Prime Minister Silvio Berlusconi’s withdrawal of support on Dec. 6. The Italian upper house may vote as early as today on the budget, which then passes to the lower house.