Italian president dissolves parliament

According to a statement posted on the president’s website, Napolitano made the decision after Monti presented his resignation letter to the president.

The statement added that the new elections will be held on February 24-25.

Monti’s decision to step down comes weeks after former Italian Prime Minister Silvio Berlusconi and his center-right People of Freedom (PDL) party, the largest party in the Italian parliament, threatened to end support for Monti’s government over the country’s deepening recession.

Monti, who called for Italians to make “sacrifices” in the face of debts and austerity, saw his popularity ratings plummet from 60 percent when he entered office to around 30 percent in recent weeks.

The outgoing prime minister had said that Italy needed to swallow “a bitter medicine” because “an aspirin” could not restore public finances after years of mismanagement.

Monti has indicated that he may be willing to lead a centrist coalition government if the February 2013 election produces no clear majority.

Monti served as the European chairmen of the Trilateral Commission from 2010 to 2011, was formerly a member of the Steering Committee of the Bilderberg Group.

DB/SZH

Source Article from http://www.presstv.ir/detail/2012/12/24/279829/italian-president-dissolves-parliament/

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