Italy Premier Monti reiterates he'll step down in 2013

Political uncertainty seen as shaking investor confidence

Italy Premier Monti reiterates he'll step down in 2013

(ANSA) - Rome, July 23 - The head of Italy's emergency technocrat government, Premier Mario Monti, reiterated Monday his intention to step down when his term expires next year. Some experts have said uncertainty about what Italy's the political situation will be after elections next year has contributed to investors having shaky confidence in the country and led to soaring borrowing costs. There have been suggestions from some quarters that Monti should stay on to stop this. "I was asked to ensure the management of the country until the spring of 2013. My colleagues and I are trying with all our might to do so in the best possible way," Monti said in an interview published Monday by Russia's Rossiyskaya Gazeta. "At the end of my mandate as premier, I will remain, as I am now, a Life Senator," Monti added.

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