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Lower House of the Italian Parliament adopted the measures
The base of this measures where the increasing of taxes (in 17-18 billion), mainly on properties and assets, and the controlled decrease in government spending (about 12-13 billion) for example, extending the pension age. Monti stressed the fairness of his measures –which was remarked by saying that he won't be taking a salary as prime minister. -
Mario Monti Prime Minister of Italy
Monti was sworn in as PM in Italy with a technocratic cabinet composed entirely of unelected professionals; less concerned about public approval. -
Emergency austerity measures
Monti's government introduced emergency austerity measures with the aim to restore market confidence and stabilize financially Italy. -
Period: to
Monti's Governance
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Package of reforms targeting Italy's labour market
Monti's government formally adopted labour's market reforming measures with the aim to make the Italian job market more flexible and promote the rotation of employment, not long-term contracts. Even if Italy had historically had a relatively rigid labour market, with emphasis on stable employment. The proposals have been met by strong opposition from labour unions and public protests. -
Reforms could be approved by the Italian parliament
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Monti announced his resignation as Prime Minister
28 December, he announced that he would seek to remain Prime Minister by contesting the election, as the leader of a centrist coalition, the Civic Choice. -
Monti's centrist coalition was only able to come fourth
Monti's centrist coalition was only able to come fourth in the elections, Monti remained Prime Minister until a coalition was formed on 28 April led by Enrico Letta, who planned policies with a higher public approval.