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Monti sworn in as new Italian prime minister

Wednesday, November 16, 2011 - 01:57

Nov. 16 - Mario Monti, a former European commissioner, was the first member of the new government to be sworn in by President Giorgio Napolitano at the Quirinale Palace in Rome. Rough Cut (no reporter narration).

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(ROUGH CUT - NO REPORTER NARRATION) STORY: Mario Monti formed a new technocrat government in Italy on Wednesday to tackle a major debt crisis threatening the entire euro zone and said he hoped it would placate financial markets. President Giorgio Napolitano swore in a 16-member government, including three women, at his palace on Wednesday afternoon, ending a chaotic political crisis that has placed Italy at the centre of the euro zone's burgeoning problems. The government now has the urgent task of tackling a broader crisis that has pushed Italy's borrowing costs to untenable levels and brought it to the brink of economic disaster.

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Monti sworn in as new Italian prime minister

Wednesday, November 16, 2011 - 01:57