Mario Monti will continue as Italy's caretaker Prime Minister until a new government is formed,...

|By:, SA News Editor

Mario Monti will continue as Italy's caretaker Prime Minister until a new government is formed, President Giorgio Napolitano said yesterday. Napolitano will also appoint two committees that will formulate plans for institutional, social and economic reforms that would receive backing from all sides in parliament. Napolitano won't resign ahead of the end of his term in May even though this would facilitate the calling of new elections.