Pfeil nach rechts

Markets Celebrate Berlusconi Exit High Hopes for the 'Italian Prussian' in Rome

There has been a widespread sigh of relief in both Italy and the world's financial capitals now that Prime Minister Silvio Berlusconi has resigned. But his successor, Mario Monti, faces a steep uphill battle. Many are concerned that he won't last long in a country full of political pitfalls.
Italy's new designated prime minister, Mario Monti, addresses the press in Rome on Sunday.

Italy's new designated prime minister, Mario Monti, addresses the press in Rome on Sunday.

AP
cgh -- with wire reports