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Monti Quits Party Leadership After Criticizing Italian Budget

Former Prime Minister Mario Monti, the economics professor who imposed austerity on Italy in 2011, quit the leadership of his political party after criticizing the policies of his successor, Prime Minister Enrico Letta.

Monti stepped down as president of Civic Choice, the third-biggest party in Letta’s coalition, because his objection to the government’s 2014 budget put him at odds with 12 of the party’s senators, Monti said in a statement on the group’s website late yesterday. Monti, a senator now, will leave the Civic Choice caucus in the upper house while staying in the Senate, he said.