Monti's departure will leave Italy's austerity plan hanging

12/9/2012 | CNBC

Unelected Italian Prime Minister Mario Monti is stepping down, and his disgraced predecessor, Silvio Berlusconi, is waiting in the wings. Berlusconi's party withdrew its support for Monti, who says he cannot now govern. Standard & Poor's rating agency expressed doubt over whether a new government could continue Italy's austerity plan.

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