Rome

Monti says financial crisis passed, but social woes persist

Monti calls for mobilization of "reformers" to fix problems

Monti says financial crisis passed, but social woes persist

Rome, January 8 - Italy has overcome the worst of its financial emergency, but now faces large economic and social troubles, outgoing Premier Mario Monti said Tuesday. "We are over the financial emergency, but we are in an economic and social emergency," Monti told Mediaset television. He said that to solve these problems, the country must "mobilize the reformers" who will find solutions. Former European commissioner Monti took over the helm of an emergency government of unelected technocrats when Italy's spiralling debt crisis forced Silvio Berlusconi to quit as premier in November 2011. His austerity policies boosted investor confidence and taken Italy out of the centre of the eurozone debt crisis, but they have also deepened the recession and contributed to rising unemployment. Monti is standing in next month's general elections on a reform platform.

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