News Summary: Monti government under fire

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News Summary: Monti government under fire

By By The Associated Press

GOVERNMENT SPLIT: Concerns over the stability of the Italian government grew on Thursday after Silvio Berlusconi's party withdrew its support, threatening to bring a premature end to Premier Mario Monti's ambitious reforms program.

SITTING OUT: Berlusconi's center-right PDL party abstained from a confidence vote in the Senate on Thursday. Though Monti's government won the vote by 127 to 17, investors fear the move heralds a period of political uncertainty in the run-up to planned elections next year.

THE BACKGROUND: Many credit Monti with bringing back some investor confidence in the country, pulling it back from the edge of financial disaster it was teetering on last year.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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