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Monti cobbling together coalition to lead Italy, enact austere laws

Resists push for earlier election

By Colleen Barry
Associated Press / November 15, 2011

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Italy’s Premier-designate Mario Monti insisted Monday it was “premature’’ to say if the country will require more tough measures to rescue the nation’s finances and revive its economy, as he sought enough backing from political parties to form a government. Two days after Silvio Berlusconi resigned, and with investors still nervous about Italy’s credibility, Monti spent the day consulting with political parties, then told reporters he couldn’t say when he would have a Cabinet lined up.

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