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New Italian PM wins confidence vote

Friday, November 18, 2011 - 00:42

Nov. 18 - New Italian PM Mario Monti wins confidence vote in the Senate. Marie-Claire Fennessy reports.

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Italy's New Prime Minister, Mario Monti comfortably wins a confidence vote in the Senate by 281 votes to 25. Earlier, Monti told the Senate the survival of the euro partly depended on Italy embarking on radical reforms within weeks. The economist-turned-politician is racing to try to end a collapse in market confidence that has pushed Rome's borrowing costs to critical levels. He faces another confidence vote in the Chamber of Deputies on Friday, which he is expected to win with ease. Marie-Claire Fennessy, Reuters

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New Italian PM wins confidence vote

Friday, November 18, 2011 - 00:42