Mario Monti named Italian Prime Minister [CNN 11-13-2011]

Mario Monti (Italian pronunciation: ; born 19 March 1943) is an Italian economist who has been Prime Minister of Italy, as well as Minister of Economy and Finance, since November 2011. He served as an European Commissioner from 1995 to 2004, with responsibility for the Internal Market, Services, Customs and Taxation from 1995 to 1999 and then for Competition from 1999 to 2004. He has also been Rector and President of Bocconi University. He was appointed a Senator for Life in the Italian Senate on 9 November 2011, and soon after was invited by President Giorgio Napolitano to lead a new government in Italy following the resignation of Silvio Berlusconi. Mario Monti was born in Varese on 19 March 1943. His father hailed from Varese (though he spent much of his life in Argentina after emigrating during World War II), and his mother was born in Piacenza. Mario Monti holds a degree in economics and management from Bocconi University, Milan. He completed graduate studies at Yale University, where he studied under James Tobin, the Nobel prize-winning economist.

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