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Monti: 'I will lead Italy if needed'

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Monti: 'I will lead Italy if needed'


Italy’s technocrat Prime Minister Mario Monti has confirmed that he would be prepared to head the government again if there is no outright winner in elections next year.

The comments, made at the Council of Foreign Relations in New York, have been welcomed by the markets with Italian 10-year bond yields falling from 5.8 percent to 5.2 percent.

The former economist and European commissioner said that if he believed he “could help after the elections” then he “would consider” heading the government again.

He has been leading an unelected administration since Silvio Berlusconi resigned in November. Monti explained that he would not stand in the national vote because it would destabilise the right-left coalition that currently supports him.

The main candidates in the elections – which must take place before April – are the former premier’s centre party, Beppe Grillo’s Five-Star Movement and the centre-left Democratic Party and its allies.

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