however, the future of mario monti administration is by no means certain.ew name has come up today, and he is a possible leader of a technocratic government. he is a former official of the bank of italy. he has already been prime minister once in the 1990's. he served as foreign minister. he is regarded as a possible viable alternative to mario monti. the point is that if mr. deeney rigid takeover, he might get support of the freedom party. mr. berlusconi's party is split between those who are prepared to support the new mario monti government and those who are not. there is still a certain amount of confusion about just how easy it is going to be for mr. mario monti if he is called to form a new government and to actually carry it out. there are many hurdles. >> right, thank you very much for that update. portugal is also under pressure. there have been austerity measures there as well. >> it was not just in athens and rome. portugal has confirmed its commitment to the fiscal austerity required by its rescue. portugal's parliament approved a package of mea

mario monti in italy, trying to form a government. economist lucas papademos in greece, looking to push through. the balance shown needed to bring in cuts while keeping public support and curbing unrest. the markets and tdebt drove this crisis. in asia this morning, markets rose. >> if you have to deal with unsustainable debt, it might be very difficult to fix that. the economy of italy is a week. we think it's very unfavorable. >> italy's economy is too big to bail out. greece's has been already. austerity plans include tax raises in vat, cuts to public sectors, and changes to pensions, mainly raising the retirement age. >> [speaking foreign language] >> mario monti will be better than what we had before, obviously. he seems to be a person who is serious, normal, and with experience. >> [speaking foreign language] >> for the good of italy, let's hope he makes it. >> yesterday, he spoke about his sense of responsibility and service towards the nation. >> [speaking foreign language] >> the country must meet the challenge. we must go ba

there he is, mario monti. just talking about him a little while ago with our correspondent alan johnston. an incredibly short address, by the looks of it. we did not miss much. they are due to unveil the long- awaited cabinet, in the eurozone's third largest economy. alan johnston was saying the big question is not really whether he would get a cabinet or whether it would be supported, but to what extent it would be a cabinet of technocrats and how many politicians there might be. that is pretty much one of the most important stories we have been covering today. stay with us on bbc world news. there is plenty more to come. >> funding was made possible by the freeman foundation of new york, stowe, vermont, and honolulu. newman's own foundation. union bank. and shell. >> this is kim - about to feel one of his favorite sensations. at shell, we're developing more efficient fuels in countries like malaysia that can help us get the most from our energy resources. let's use energy more efficiently. let's go.

the newly chosen prime minister of italy, mario monti, says his country needs to become a source of strength rather than weakness in europe. mr. monti will begin forming a new cabinet today and faces his first test in italian government bonds are auctioned shortly. that process has just started. >> italy's prime minister in waiting, arriving at the presidential palace. his nomination had been a badly kept secret, and it was no surprise he reassured italians and the world he was the man to lead his country through an economic crisis. >> we are going to solve the financial situation and to resume a path to growth. it is a time to build the future of dignity and hope for our children. >> earlier, the man he'll replace, no one expected silvio berlusconi to go without adding his voice to the drama. he said for the hundreds who booed him when he resigned on saturday night, there was thousands who voted him in as prime minister on three occasions. >> i did it without ever having had a vote of no confidence by parliament against me. >> do you feel optimistic about the future for italy? >> now, thoug

mario monti will meet the country's president. he says he is convinced the country can overcome the financial crisis. >> day 3 in the corridors of power for mario monti and it seems that he is starting to have some success. the new italian government finally beckoned. >> i will be able to present the conclusions of this work to the president of the italian republic. clearly, out of respect, i cannot anticipate the contents of it. my absolute serenity and conviction in our country's ability to overcome this difficult phase. >> since he was asked to form a new administration on sunday, mario monti he has much -- has meant tirelessly with business leaders and trade groups. >> we are working for the national interest with a commitment to achieve the construction of new government. in view of the facts, we believe the attempt will be successful. >> we have encouraged them to continue with determination and speed. we did not set any terms for the government in the discussion. >> despite his political agreement, there have already been p

mario monti will begin to put together a new government. they must then pass tough measures to put the country back on solid financial footing. monti replaces silvio berlusconi who resigned his post on saturday. >>> hamas security officials say at least one person was killed when warplanes. medical officials say hamas troops may be buried in the rubble. >>> three french aid workers kidnaped more than five months ago in yemen have been freed by al qaeda militants. the french news agency quotes nicolas sarkozy and officials as confirming the release. no word yet on their condition. mr. sarkozy thanked the authorities for their help. an inquiry prompting by the phone hacking scandal brought down by the british tabloid gets under way in london today. investigators will look at the culture, practices and ethics of the british news media. a separate police probe of the scannedle is ongoing. those are the top stories from cnn, the world's news leader. i'm zain vergee and "world business today" starts now. >>> good morning from cnn london, i'm char

president your jim nicole itano -- >> president giorgio nicole itanapolitano -- >> mario monti, a former eu commissioner, was the first to take the oath. new prime minister is a respected professor of economics. he also takes over the economics and finance minister's portfolio. made up of technocrats, not politicians. >> the fact that there are no politicians and the government will mean that parliament and the political institutions will have confidence in the government, because there will be no political reason to hold things up. >> many italians believe that the government of technocrats will offer the best chance of weathering the crisis. >> if you look at what politicians have done so far, having a government like this can only be an advantage. >> can only hope that they are not worse than the last lot. >> the important thing is that they cooperate with each other. we're in the firing line in europe at the moment. >> monti is set to present an austerity program and is set to hold the vote of confidence to ensure his government has the support it needs to push through tough reforms

the new prime minister, mario monti, has been sworn in. he is also the country's new finance minister. this report contains some flash photography. >> is this elyse savior? a nation in crisis turns to mario monti, his new government of experts must now try to stave off a looming financial disaster. italy is being crushed by its debt, forced to pay unbearable interest rates when it borrows money. the fear of the international markets teixeira to democracy aside, each of the technocrat ministers is unelected. they will try to impose austerity measures and demands sacrifices. italians will feel the pain. that will draw the mild-mannered mr. monti deep into italy's political r. renna, which is new to him. he does have friends there, but how will he cope with the ambushes and the infighting? >> he needs a solid parliament. every piece of legislation in the parliament, maybe this is the part that is less knowledgeable. >> mario monti faces a huge challenge from the international money markets and the hard world of italian politics. do people her

the first-time mario monti is attending as italy's new prime minister. and there are reports about sharp disagreements between france and germany over expanding the role of the european central bank and that mario monti could be caught in the crossfire. our european correspondent, chris morris. said, don'tlways underestimate the political will to protect the euro, come what may. it is being tested more than ever before. when welcome piece of news for france and germany, they and the markets like the new man at the top. >> the eurozone's big two are meeting again with plenty of urgent issues to resolve. but this time they are joined by the new italian prime minister mario monti. the message they want to send to the markets? eurozone's third largest economy is too big to fail, too big to bail, but it is back in safe hands. can this respected academic economist also play a role in mediating between france and germany? efforts to find a way out of the crisis seems stuck in the mud. france still wants germany to change its mind and allow the european central

mario monti a former e.u. commissioner has been appointed the head of the new caretaker government in italy to pull the country back from the financial abyss this follows the resignation of silvio berlusconi who stepped down on saturday having ruled the country as prime minister for a total of ten years in three separate terms are to sarah firth brings us the latest from rome. for those of you feeling bad about the start of another working week on monday spare thoughts further the former commissioner and mario monti has just been appointed by the president to form a new government and he now faces the massive task of pulling the country back from the financial abyss into which is currently staring so not your usual job description certainly but everyone a very much a playing he's up to the job and everyone's going to be watching extremely closely to see what the results of that will be now he is currently deciding on who will form that new cabinet around him an m.p. i was speaking to recently told me it was ex

mario monti will meet the country on wednesday morning to confirm he can form a new government. mr. monti says he is convinced the country can overcome its financial crisis. >> a day three in the corridors of power for mario monti, and it seems he is starting to read some success. after what must feel like a never-ending schedule of meetings and talks, the new italian government finally beckons. >> i will be able to present the conclusions of this work to the president of the italian republic. clearly, out of respect, i cannot anticipate the contents of it, but i would like to confirm my absolute serenity and conviction in my country -- in my country's ability to overcome this difficult phase. >> since he was asked to form a new administration on sunday, mario monti has meanthat tireley with various groups. >> we are working for the national interest with a commitment to achieve the instruction of a new government. in view of the facts and of our last talks, we believe the attempt will be successful. >> we have encouraged mr. monti to proceed, to continue with determination and

here in brussels, mario monti is seen as a can-do man.he was known as super mario, and the fundamentals and italy have not changed. they still have record levels of debt and interest rate payments on the money they have borrowed. in greece, too, there is a new leader on the block. lucas papademos is still to be on influenced by public pressure, and yet, in the greek parliament today, it was thought it will not be possible. the opposition hinted at political problems to come. it could derail the next great flight of funding. the euro is still in crisis. just listen to angela merkel in germany today. >> [speaking foreign language] >> europe is in the middle of what may be our toughest hours since world war ii. we must not be discouraged by that. we must succeed in getting us are of this crisis, stronger than before we went in. >> germany is the only your country investors see as truly safe. italy and greece may have changed their guard, but they and others remain under huge pressure. matthew prize, bbc news, brussels. >> huge pressure indee

mario monti.is there. >>> the confessed norwegian terrorist making his first court appears in norway today when he tried to speak, apparently he was cut off by the judge. anders breivik is his name, charged with killing 77 people in a shooting and bombing rampage in oslo back in july. he has pleaded not guilty. the judge is expected to decide today whether to leave breivik j jailed until his trial begins in the spring. >>> and a phone hacking scandal trial begins today in london. headed up by a judge. the outcome could transform the way newspapers operate there. the first witnesses are expected to be called next week. >>> still to come on "american morning," the republican presidential hopefuls are converging on iowa this morning, and according to the latest poll, one of the candidates is making a very strong move on the front-runners. >>> and the occupy wall street protester who got the opportunity of a lifetime and took it, serenading the president and 18 other world leaders in hawaii with a pro

will mario monti be able to form a government?ougher austerity measures? well, join me for another hour coming up. mine was earned over the south pacific in 1943. vietnam, 1967. i got mine in iraq, 2003. u.s.a.a. auto insurance is often handed down from generation to generation, because it offers a superior level of protection and because u.s.a.a.'s commitment to serve the military, veterans, and their families is without equal. begin your legacy. get an auto insurance quote. u.s.a.a. we know what it means to serve. regiright from your office. you deposit checks so sitting at your desk is just like going to the bank. see? i'm at the bank. now i'm in the office. at the bank. in the office. at the bank. in the office.

mario monti meets the french and german counterparts today for talks on the eurozone debt crisis. welcome to "bbc world news." i'm adam parsons. also in this program -- in london, the actress jenna miller prepares to take the stand at an inquiry into press standards. and the world's worst football team finally get a win after losing 30 in a row. >> hello. thank you for joining us. egypt's ruling military has apologized for the deaths of protesters in clashes with police, as unrest in cairo and other cities end the sixth day. thousands of protesters are still in tahrir square in the center of the capital, cairo. these are the live pictures from tahrir square at the moment. they're demanding an immediate end to military rule. egypt's ruling council insists the parliamentary elections will go ahead as planned on monday. jon leyne reports from cairo. >> well, i'm not sure there's been much tear gas flying in the last few hours. there were reports of a cease-fire overnight. i haven't been down there to check whether there were still holding. so there were some attempts at conciliation.

and cheers at the presidential palace where he handed in his resignation it's likely successor is mario monti. the dark clouds of the european debt overshadow the apec summit in hawaii as the top asia pacific economies look to limit the fallout and prevent another global recession divisions persist however with china and the u.s. failing to see eye to eye on how to promote trade in the pacific rim. the arab league has suspends a syria recommending sanctions against the country in an effort to force president assad to end of the deadly unrest that's claimed more than three and a half thousand lives to move the support of washington and to the e.u. critics are concerned there could be a repeat of the libya military intervention. and for those of you eager to comment to the russian capital for business we have the ultimate guide moscow out is nuts. she's telling. me. dynamic. to friends. months ago. a. trusted secretary that hello and welcome to the show this week bergen will be taking a look at business the seventy's and locations in the russian capital every week thousands of business women co

former eu commissioner mario monty is expected to take over for silvio berlusconi. monti would lead a unity government charged with tackling italy's debt crisis. >>> a u.s. soldier has been sentenced to life in prison by a military court. calvin gibbs was found guilty of murdering three afghan civilians. three members of his unit had already pled guilty. gibbs was accused of cuts off pieces of the corpses to keep as souvenirs and planting weapons to make it look as though the men were taliban fighters. gibbs will be eligible for parole in ten years. >>> in the turkish city, 28 people have been pulled alive from the rubble after a deadly earthquake wednesday night. rescue crews worked throughout the day, thursday, to reach people still trapped. dozens more may still be buried. the government says 260 survivors have been taken to other cities. the death toll stands at 12. >>> the murdoch media empire has been compared to the mafia. he said they adopted a code of silence surrounding the phone hacking scandal. murdoch rejetted the allegation when he appeared before mps

the eu's military affairs commissioner promised to support mario monti. >> also, i first and foremost and concerned about economic reforms. to protect growth and jobs. >> so far, monti's appointment has failed to convince investors italy has our report on strategy. rahm had to pay a yield of 7.2% -- rome i did a yield of 7.2% on bonds. portugal has had to offer similar rates to drum up fresh capital. >> this is touching approximately at the core and the core itself. it shows this is an increasingly systemic phenomena and. >> the increasing nervousness in markets is unsettling for european governments. so much so that italy and france have met up for additional changes to the european stability fund. >> rating agencies are at it again. standard and poor's has downgraded belgium's credit one notch. the reason? the country's record-breaking political impasse. it has been going on for a record-breaking 19 months now. slowing growth as well. massive economic problems for government to tackle that does not even exist. well, european shares did manage to climb on the last day of the trading

. >> mario monti faces a mammoth task to bring italy's finance is under control. it is still has to be paid 37 billion euros in doubt by the end of this year. that is just the beginning. in 2012, it faces a bill of pre hndred 7 billion euros. on saturday, lawmakers passed an ambitious package of austerity measures. his main task will be to ensure that they are implemented. >> he is very good, i hope he can restore and maintain confidence. wait and see. we certainly need some kind of change. >> mario monti is under pressure to quickly form a new government. >> italy's biggest bank is also struggling with major financial difficulties. the institution surprise the markets, reported a 10.6 billion euros net loss. >> it is a stunning setback for italy's biggest bank. they have been struggling in its home market and acquisitions in eastern europe have proved costly. it is that you write down the value of its entire operations. in the ukraine. the bank posted a loss of 10.6 billion euros in the third quarter, a huge sum. the bank aims to repair the holes in its balance s

the country's prime minister for a total of ten years in three separate terms former commissioner mario monti is considered the main contender to replace going to skinny furthur courts now from rome. to say continuing this evening on the possible combination of they can take a government pressed into politics the meeting with political leaders today to discuss that and to discuss he could take the top spot still there are some differences of opinion amongst various political quips about what should happen and indeed. she may be the next to lead take a government task force to happen and now the cuts hit a lot of people think the top spot is a full the e.u. commission that mary muncie is a very worst acted economist here in the country he's your cat he knows the system inside and out and he's someone who would certainly have very good relations with brussels there are question marks a democratic just in the sea take it up and move slightly whether or not he's going to be able to have enough support his nickname here is see for marriott and certainly if he was to take the top spot he would real

mario monti met on tuesday with top officials in brussels just one day after the new greek leader presented himself to the commission. he moved on to luxembourg on tuesday to meet with euro zone finance ministers. both leaders have been greeted with public declarations of solidarity, the market's still remain unconvinced. >> the head of the euro group is cordial enough, but he means business. he wants to see action from the new greek government. he has given the greeks one week to provide written confirmation that athens is signing off on tough austerity measures. >> we will be in a position to give a positive appraisal of the situation. >> the new italian prime minister was next. he knows his way around brussels, but as a commissioner, not the head of a government. the insurers policymakers that he will stop at nothing to bring italy in compliance with the demands of its creditors. >> i will do everything that i can and summon all the possible political powers in the country to get at the root of this problem. >> european commission president, a believer, he knows mario monti from the days

speech and then mario monti confronts the crisis. the troubles threaten the entire eurozone and that cannot go on. he said if the euro collapse, decades of european economic progress could be lost. he promised rigorous controls of italy's spending, more tax and the drive to hunt down those that he evaded. he promised fairness and more jobs for the young. these young italians are not convinced. as the prime minister laid out his plans, they marched to parliament. they don't trust the prime minister and the unelected technocrats. go after those who are to blame, they say. after the wealthy, the bankers. >> the only solution to the crisis is to go after the people who have made this crisis. >> a lot of italians feel that their lives are hard enough but already they are being called to make too many sacrifices. for all of the frustration on show here, the mood among the students does not seem to represent the feelings of the great majority of the nation. polls suggest that most italians are behind the prime minister's efforts to fix thei

in brussels, mario monti's appointment has been seen as a can-do man. he was known as super mario. and yet, and becoming prime minister, the fundamentals and italy have not changed. they have record levels of debt and interest rate payments on the money they borrowed. in greece, there is a new leader. papademos is referred to as a technocrat, and economic experts expected to be on its laws by public pressure. in the greek parliament today, it was clear that that they not be possible. the opposition hinted at political problems. it could derail greece's next slice of bailout funding. the euro is still in crisis. just listen to angela merkel today. >> europe is in the the middle of what may be its toughest hour. we must not be discouraged by that. we must deceit -- succeed in getting your of this crisis stronger than when it went in. >> but she knows the problem now is trust or lack of that. germany is the only euro-county investors see as truly safe. italy and greece remained under huge pressure. >> and these challenges are raised by angela merkel are keeping asian stock markets cau

in brussels, mario monti's appointment has been welcomed. he is seen as a can-do man. during his time at the commission, he was known as super mario. the fundamentals in italy have not changed. they still have record levels of debt and interest rate payments on the money they borrowed. increase, there is also a new leader on the block. lucas papademos is also referred to as an economic expert felt to be uninfluenced by public pressure. it was clear that may not be possible. the opposition hinted at political problems to come. it could derail the next move failed -- bailout funding. the hero is still in crisis. listen to angela merkel today. >> europe is in the middle of what may be its toughest hour since world war ii. we must not be discouraged by that. we must succeed in getting iraq out of this stronger than when it went in. >> she knows the problem now is trust -- or lack of it. germany is the only country investors see as truly safe. italy and greece may have changed the guard, but they and others remain under huge pressure. matthew price for bbc news in brussels.

as mario monti laid out his plans, they marched to parliament in protest. they do not trust the prime minister and his cabinet. they are after the wealthy, the bankers. >> the only solution is to make the people you love made the crisis pay. -- who have made the prices paid. >> there is a strength of opposition. a lot of italians feel that already, their lives are hard enough. already, they have been forced to make too many sacrifices. for all the frustration, the mood among the students does not seem to represent the feelings of the great majority of the nation. most italians, for the moment, are behind mario monti's efforts to fix their economy. how long will the support last if the austerity drive starts inflicting real pain? >> leading a major european power is not an easy job during the best of times. david cameral and angela merkel diplomatic skills we but to the test later. the meeting promises to be a lively, to say the least. >> when david cameron and arrives in berlin, he will know that some german impis' -- mps have directly criticized britain. a

to step down after the final staring vote is likely to be replaced by former and mario monti. israeli forces clashed with palestinian activists protesting against the confiscation of land for george settlements across the west bank dads as the latest round of debate over palestinian statehood bid and deadlock at the u.n. security council. the latest sports news of course were russian national football team was destined against greece in a friendly match which added in a draw and i'm sure you'll tell us what that means all that means to both sides are just happy that their lives on a serious note and the match is important for russia at the moment as the team is preparing to say fourteen year olds once it's well make sure i have details on that in just a moment. hello welcome to support here in artsy come and see a live from moscow with me rome on calls for our top stories this hour. a friendly draw or russia were held one one in a match against greece held a sport of preparations four year olds once it's well. while a desert spring sebastian that's all and thirty nine dollars

after just two minutes mario monti a kitchen double than the. eat half an hour later taught them defend us better and sealed the visitors three male victory and the second half. after that one no i think we had a lot of position but also to be honest and realistic we were not able we were not able to play the defense or into a team everyone was defending world by gratiot but we could not outplay them. and create danger. from iraq captain robbie keane netted a late second half brace as the republic of ireland tried for dell at nine am a sign me up to their place next on this final he's on there is open after thirteen minutes and john walters stopped the second midway through the second half after the home side had had a man sent off in each half well the irish founds were in force in the stadium capital of thailand to witness their science victory it was a sweet success for ireland who were denied a place at last year's world cup after to carry on its infamous all in the build up to france's goal in the second leg of the playoffs and this latest

former european union commissioner mario monti has been appointed as the new prime minister, taking over from silvio beryl conei. berlusconi, who resigned last night. a series of sex scandals eroded berlusconi's public support. >> i think it became different when his wife left him saying i am leaving him because he hangs out with minors. >>> prime minister mario monti is moving quickly to appoint a new cabinet before european stock markets open in the next few hours. >>> a u.s. astronaut and two cosmonauts are scheduled to lift off bound for the international space station. it will be the first manned- mission since the crash of two russian rockets. in august a rocket carries supplies to the space station crashed in siberia. since the retirement of the program in the u.s., the russian program is providing all manned flights to the space station. >>> well, it was a pretty nice day out there. checking in with our meteorologist mark tamayo. >> today we enjoyed mild temperatures, but a big dropoff in temperatures expected in our forecast. you may have notice hide clouds punishing into the re

with mario draghi at the helm of the ecb and mario monti appointed prime minister of italy, the answer to tell. mr. draghi has the longer-term task; the more urgent one falls on the shoulders of mr. monti. he simply must prioritize economic growth, which is italy's great weakness. but reforming italy is tougher than it looks. italy's borrowing costs are already retreating, but not by much. at an auction on monday of $3 billion worth of five-year bonds went as well as could be expected-- at a yield of 6.29%. the auction sent two important messages, though-- that italy is not shut out of the capital markets, and that the immediate threat to mr. monti's plans are higher interest payments. there is little mr. monti can do about the markets. he should concentrate on what he can change, italy's dismal economic growth. wages and costs continue to rise, meaning italy has lost competitiveness as quickly as countries such as ireland and portugal. mr. monti must set italy's entrepreneurs free. immediate labor market reforms to address the high cost of unemployment would be a good start. italy's d

the pre minister-designate there, mario monti, won support today for his new government from politicalon leaders. tonight's commentator thinks italy pay less attention to the markets and more attention to its own economy. here's stuart kirk, global head of the lex column at "the financial times." >> how many italians named mario does it take to fix the eurozone crisis? with mario draghi at the helm of the ecb and mario monti appointed prime minister of italy, the answer is it is too soon to tell. mr. draghi has the longer-term task; the more urgent one falls on the shoulders of mr. monti. he simply must prioritize economic growth, which is italy's great weakness. but reforming italy is tougher than it looks. italy's borrowing costs are already retreating, but not by much. at an auction on monday of $3 billion worth of five-year bonds went as well as could be expected-- at a yield of 6.29%. the auction sent two important messages, though-- that italy is not shut out of the capital markets, and that the immediate threat to mr. monti's plans are higher interest payments. there is little m