ROME (AP) — Premier Mario Monti on Tuesday defended his government's austerity measures as necessary to restore confidence in Italy's financial future, and warned voters to beware "magic solutions" promised by candidates in upcoming elections.
Monti was tapped by Italy's president to lead the country in late November 2011 after Berlusconi resigned, having lost the confidence of international markets in his ability to save the country from a Greek-style debt crisis.
Monti, a respected economist and former European Union commissioner, won back a degree of international credibility for the country through a series of tax hikes and fiscal reforms that were deeply unpopular at home.
Monti was tapped by Italy's president to lead the country in late November 2011 after Berlusconi resigned, having lost the confidence of international markets in his ability to save the country from a Greek-style debt crisis.
Monti, a respected economist and former European Union commissioner, won back a degree of international credibility for the country through a series of tax hikes and fiscal reforms that were deeply unpopular at home.
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