Tremonti's troubles

5 Jul 2004

Tremonti may not have been a great success. Italy s accounts are stretched, and it hasn t stopped propping up failing groups like Alitalia. But Italy is now minus a finance minister. And it is hard to see the weakened government appointing a very good one.

This content is for Subscribers only

Context News

Giulio Tremonti, Italy's finance minister, has resigned following a dispute with coalition partners on Friday night. Silvio Berlusconi, the prime minister, will temporarily take over Tremonti's job.

Berlusconi will on Monday meet European Union finance ministers in Brussels to try and convince them not to issue Italy with an early warning over its budget deficit. The EU says that Italy's deficit will breach the 3% cap set by the Maastricht Treaty unless the government takes fast action.

Some newspapers speculated that Mario Monti, the European Antitrust commissioner, might replace Tremonti. Also mentioned was Letizia Moratti, the education minister.

Email a friend

Please complete the form below.

Required fields *