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Is the might of Monti enough for Italy's economic woes?

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Is the might of Monti enough for Italy's economic woes?


Though politically inexperienced, it is hoped Mario Monti’s expertise when it comes to economics will be enough to begin remedying Italy’s financial troubles.

Ordinary Italians are feeling optimistic that he is the right man to reduce the country’s enormous public debt and improve chronically low growth levels.

One man in Rome said Monti was an improvement on former prime minister, Silvio Berlusconi: “In my opinion he’ll obviously be better that what we had before. He seems to me to be a person who is serious, normal and experienced.”

Another woman was encouraged by Monti’s previous experience: “Because he’s a technical man, it should work. I hope it goes OK because we just can’t take any more. We’re at the end of the line. We’re down on the ground. I hope it works.”

Businessman Vittorio Fantana had a more cautious opinion: “We’ll see how it goes when he gets down to work. I don’t really know him, but we’ll soon see,” he said

Italy’s President Giorgio Napolitano wants Monti to put together a savvy team that will be able to implement the austerity reforms needed to get the economy back on track.

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