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Italy PM Monti expected to resign on Friday

Published on Dec 21, 2012 9:27 PM
 
Italy's Prime Minister Mario Monti (centre) looks as he makes his speech during a visit to the Fiat car factory in the southern city of Melfi on Dec 20, 2012. Mr Monti will hand in his resignation to President Giorgio Napolitano after parliament approves the 2013 budget later on Friday, political and government sources said. -- PHOTO: REUTERS

ROME (REUTERS) - Italian Prime Minister Mario Monti will hand in his resignation to President Giorgio Napolitano after parliament approves the 2013 budget later on Friday, political and government sources said.

Monti, who this month lost the support of the centre-right People of Freedom (PDL) party which had backed his technocrat government in parliament, had already announced he would stand down as soon as the budget was passed.

He is due to hold a news conference on Sunday at which he is expected to say whether he intends to stand as a candidate in the election, likely to be held on Feb 24.