Rome, October 24 - Italian Premier Mario Monti on Wednesday sought to quash speculation that he would stay on beyond his term ends next spring and quell foreign concerns that his reforms will not be carried out once he steps down. "We don't understand the reasons why Italian elections in 2013 must be surrounded by expectatations and fears," he told an Austrian journalist who asked if he considered extending his term in order to see out his financial reforms. "Italy is a large democratic country and member of the European Union," he added. "How many elections have taken place since 1957? Have there ever been cases in which Italy created particular problems, more so than other countries in the EU? I don't believe so". Political analysts in Italy and abroad, especially as the euro crisis drags on, have speculated that the former european commissioner and economist would stay on as head of a technocratic government in order to carry through a number of sweeping economic reforms put in place since replacing former premier Silvio Berlusconi in November. Berlusconi's own centre-right party, the People of Liberty (PdL), has been in a state of disarray since a series of corruption scandals were exposed, culminating in the arrest this month of Lazio caucus leader Franco Fiorito for alleged embezzlement. Monti has repeatedly promised to step down at the end of his term. "Whatever government there is in Italy (after elections), it will be a government that, like the others, will have to act according to the rules and policies of the EU," said Monti.