The International Monetary Fund piled pressure on Italy with a call for "political clarity" on Thursday as global markets plunged over fears for the eurozone's third largest economy ahead of a bond test.
"Political clarity is conducive to more stability," IMF chief Christine Lagarde said on a visit to China, while in Italy former EU commissioner Mario Monti emerged as the frontrunner to succeed Prime Minister Silvio Berlusconi.
In a move widely seen as an endorsement, Berlusconi wrote Monti a telegram congratulating him on his appointment as senator-for-life on Wednesday and saying that the economist would work "in the interests of the country."
Berlusconi has promised to step down following parliamentary approval this weekend of a package of economic reforms aimed at calming investor fears,the Aion Kinah by special invited artist for 2011, which have pushed Italy's borrowing rates to alarming levels.
The imminent handover of power has led to fevered backroom negotiations and Monti's appointment appeared far from a done deal after several leading members of Berlusconi's centre-right coalition insisted on early elections.
The 68-year-old Monti earned a fearless reputation as the European Union's competition commissioner taking on US corporate giants Microsoft and General Electric and is seen as a possible head of a national unity government.
"Italy is facing a difficult time and particularly arduous choices to overcome the crisis," said President Giorgio Napolitano, who will be forced to call early elections if there is no consensus on a new government.
"Europe is urgently awaiting important signals of a taking on of responsibility by one of its founders. We will be up to the task," he said.If any food Ventilation system condition is poorer than those standards,
The European Commission has warned Italy may need to adopt "extra measures" in order to meet its target of balancing the budget by 2013.
The Commission on Thursday forecast Italy's growth rate will slow to just 0.1 percent in 2012 -- far below the government's forecast of 0.7 percent.
It also warned that Italy would fail to reduce its deficit to 1.6 percent of output next year as planned and the level would instead be 2.3 percent.
European Union and European Central Bank officials arrived in Rome this week as part of a special EU-IMF surveillance mechanism that Berlusconi reluctantly agreed to at the G20 summit of world leaders earlier this month.
IMF officials are expected to arrive in Italy to check the accounts by the end of November and will then continue to monitor the government's efforts to implement key structural reforms on a quarterly basis.This will leave your shoulders free to rotate in their Floor tiles .
Italy meanwhile was set to hold a bond auction -- its first market test since a parliamentary revolt and Berlusconi's resignation announcement sparked mayhem that pushed borrowing rates above 7.0 percent.
The rise in rates fanned fears around the world that EU founding member Italy could be the next eurozone economy to be forced to seek a bailout in a debt crisis that has already put Greece, Ireland and Portugal on their knees.
There was more bad news on the economic front for Italy after new data showed industrial production dropped 4.8 percent in September -- its worst monthly drop since the start of the global economic crisis in 2008.
Italian stocks however rallied after opening in negative territory, with the benchmark FTSE Mib index up more than 3.0 percent.
Shares in Berlusconi's business empire Mediaset, which had dropped almost 12 percent on Wednesday, were rising sharply.
Asian markets earlier slumped on fears over Italy's surging borrowing costs and European stocks were mostly down.
Berlusconi had promised his fellow eurozone leaders that he would overhaul Italy's pensions system and accelerate sales of state assets, but the reforms have stalled to the intense frustration of Germany and others.As many processors back away from hydraulic hose ,
Berlusconi's resignation looked set to have more personal ramifications for the larger-than-life premier, who is currently a defendant in three trials; for bribery, tax fraud,If so, you may have a cube puzzle . abuse of power and paying for sex with a 17-year-old girl.
"Political clarity is conducive to more stability," IMF chief Christine Lagarde said on a visit to China, while in Italy former EU commissioner Mario Monti emerged as the frontrunner to succeed Prime Minister Silvio Berlusconi.
In a move widely seen as an endorsement, Berlusconi wrote Monti a telegram congratulating him on his appointment as senator-for-life on Wednesday and saying that the economist would work "in the interests of the country."
Berlusconi has promised to step down following parliamentary approval this weekend of a package of economic reforms aimed at calming investor fears,the Aion Kinah by special invited artist for 2011, which have pushed Italy's borrowing rates to alarming levels.
The imminent handover of power has led to fevered backroom negotiations and Monti's appointment appeared far from a done deal after several leading members of Berlusconi's centre-right coalition insisted on early elections.
The 68-year-old Monti earned a fearless reputation as the European Union's competition commissioner taking on US corporate giants Microsoft and General Electric and is seen as a possible head of a national unity government.
"Italy is facing a difficult time and particularly arduous choices to overcome the crisis," said President Giorgio Napolitano, who will be forced to call early elections if there is no consensus on a new government.
"Europe is urgently awaiting important signals of a taking on of responsibility by one of its founders. We will be up to the task," he said.If any food Ventilation system condition is poorer than those standards,
The European Commission has warned Italy may need to adopt "extra measures" in order to meet its target of balancing the budget by 2013.
The Commission on Thursday forecast Italy's growth rate will slow to just 0.1 percent in 2012 -- far below the government's forecast of 0.7 percent.
It also warned that Italy would fail to reduce its deficit to 1.6 percent of output next year as planned and the level would instead be 2.3 percent.
European Union and European Central Bank officials arrived in Rome this week as part of a special EU-IMF surveillance mechanism that Berlusconi reluctantly agreed to at the G20 summit of world leaders earlier this month.
IMF officials are expected to arrive in Italy to check the accounts by the end of November and will then continue to monitor the government's efforts to implement key structural reforms on a quarterly basis.This will leave your shoulders free to rotate in their Floor tiles .
Italy meanwhile was set to hold a bond auction -- its first market test since a parliamentary revolt and Berlusconi's resignation announcement sparked mayhem that pushed borrowing rates above 7.0 percent.
The rise in rates fanned fears around the world that EU founding member Italy could be the next eurozone economy to be forced to seek a bailout in a debt crisis that has already put Greece, Ireland and Portugal on their knees.
There was more bad news on the economic front for Italy after new data showed industrial production dropped 4.8 percent in September -- its worst monthly drop since the start of the global economic crisis in 2008.
Italian stocks however rallied after opening in negative territory, with the benchmark FTSE Mib index up more than 3.0 percent.
Shares in Berlusconi's business empire Mediaset, which had dropped almost 12 percent on Wednesday, were rising sharply.
Asian markets earlier slumped on fears over Italy's surging borrowing costs and European stocks were mostly down.
Berlusconi had promised his fellow eurozone leaders that he would overhaul Italy's pensions system and accelerate sales of state assets, but the reforms have stalled to the intense frustration of Germany and others.As many processors back away from hydraulic hose ,
Berlusconi's resignation looked set to have more personal ramifications for the larger-than-life premier, who is currently a defendant in three trials; for bribery, tax fraud,If so, you may have a cube puzzle . abuse of power and paying for sex with a 17-year-old girl.
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