PM Monti prepare his meeting with Merkel and Sarkozy to give a contribution to save Euro

The new government took office and required the trust to the two chambers of Italian Parliament. with a keynote speech of the new PM M.Monti , that require listening and not applauses.  This is the kind leadership that the country should always have, not co-opted but on merit, and not only in this emergency situation. The program of Monti gov. is an Handbook of what should be done and will definitely do: rigor, growth and equity to set for the future elected governments. Everything in a in a single year, a way to solve the secular problems of Italy today, put it at serious risk. There's no more choice and no more time. "Things that Europe  is  asking to us are not away from what is good for the Country" Monti said: "Europe is us and we have to contribute in solving not only the specific italian situation but also the Euro situation from speculative attacks creating common Eurobonds, common econmics laws and control of single countries budgets" I hope togheter with a limited possibility to ECB to print money as FED. And this week Monti will meet Merkel and Sarkozy about this way to prevent the end of Euro with a PIIGS default and also German problems.

NEW ITALIAN PM MONTI OFFICIALLY FORMED. HIGH TECHNICAL PROFILE OF MINISTERS.

Italy turns. Berlusconi falls.

21:34 local time

Nov 12th 2011: Berlusconi resigns.

 

Berlusconi government falls with no more national and international credibility. After he denied the existence of economic crisis in Italy and did not anything to solve the italian structural problems of economic growth, exposing Italy more than any other country default risk. 

The Berlusconi government in these three years only tried to do laws against press and justice, blocked by a huge illiberal conflict of interest. Now everybody wait for a new liberal (this time really!) government with the new PM Monti, which sets good example, cutting privileges and fighting corruption, anti-meritocratic systems , tax evasion and doing antitrust actions before anything else. This requires that all Italian Parties put their face in this project with responability for Italy and Europe. Then in 2013 new elections will be possible with a new electoral system.

Probably tomorrow or at least Monday, the new "National Unity" Government led by Mario Monti

The situation in Italy: a new government by excellent economist Mario Monti is the only way possible to give Italy a chance

Berlusconi resigned slowly.When everybody understood that his vain government is linked to a major damn for Italy and its debt on the rate of Italian bond market always higher and higher.
Now it's up to the Parliament. Will it be able to listen the President of Repubblic Napolitano? He is looking for a big coalition to support Mario Monti as President of an "Emrgency Government" to give stability and reform to Italy after Berlusconi-storm with a big coalition.The left Democratic Party and Center Democratic Party are agree from long time . The ex majority (Pdl the Berlusconi Party and Lega nord) are not so sure but knows how near is the brink for Italy. The ex comunist party lives "in Mars" but fortunatly is a little Party and is not agree to a real liberal Monti government.
There is no time to loose in preparing elections with a non adequate electoral system, to reform too. There is no time to an electoral campaign during an attack against Italy, a Country that put at risk all the Eurozone because Berlusconi did'nt cut political budget cuts , waste of pubblic administration and did not do antitrust actions (Mediaset shares,the company of Berlusconi lost a lot of value at the same time he decided to stop his political positions), anti-corruption actions, welfare-actions to protect temporary job positions and did not stimulate economic growth at the same time.
Who could do all this things now as soon as possible as EU ask vigorously? Mario Monti (ex EU commissioner and excellent, stimated and well known in the world economist) said: "There is a huge hard work to do for Italy to exit from crisis". Probably he could be the next Premier of the government, only if all the parties from left to right in parliament will set above the good for Italy (and Europe) instead of particular interests and this is not predictable, is the real battle to win, indeeed. The risk is linked to the high irresponsability the political class, present in these days in all parties, incapable to find a limited but keen program for Italy till 2013 ferrying the Country to new elections with a new system.

Comment sent to THE ECONOMIST nov10th 2011 
and WALL STREET JOURNAL nov 11th 2011