Monti: 'Italy is done with austerity'

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Published on Nov 26, 2012 by AlJazeeraEnglish

More than a year ago, at the height of the Italian fiscal crisis, Italian Prime Minister Silvio Berlusconi was forced to resign. And when Mario Monti was appointed to succeed him, there was a collective sigh of relief, as the Italians marked the end of an era. He had never run for office -- instead he was appointed by the president and the parliament. He was an outsider to local politics, with a solid background in the European Union halls of power, a man many thought was their only hope out of the mess.

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(The last time Berlin and Rome teamed up, the world had no idea how catastrophic the consequences would be. History is repeating itself.)