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Italy’s new leader set to unveil Cabinet

Will also outline economic plan

Italy’s financial crisis has affected European stock markets. The country is under pressure to reassure financial markets that it will avoid a default that could affect the European Union. Italy’s financial crisis has affected European stock markets. The country is under pressure to reassure financial markets that it will avoid a default that could affect the European Union. (Antonio Calanni/Associated Press)
By Colleen Barry and Nicole Winfield
Associated Press / November 16, 2011

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Prime Minister-designate Mario Monti of Italy said yesterday that he is ready to present his new government to the president after winning wide backing - and important pledges of sacrifices - from political, business, and union leaders during two days of intense consultations. Monti said he still has to put the final touches on his Cabinet and economic program, which he will outline to President Giorgio Napolitano today.

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