New Italian prime minister Monti races to build new government free of politicians
The new prime minister of Italy, Mario Monti, is presently building his cabinet which will be in power at the most until elections in 2013 or possibly less time if the measures are passed and the crisis averted. Italy has faced a disconcerting financial day as it sold its government bonds at a record percentage and saw its largest bank by assets, Unicredit, have a €10.6 billion loss.