Italy PM Monti will resign as soon as budget passed

Italian Prime Minister Mario Monti, whose government lost the support of the main center-right party this week, intends to resign after checking to see if parliament can pass next year's budget law, President Giorgio Napolitano's office said on Saturday.


Monti said he does not now feel that he has the support of parliament after Silvio Berlusconi's center-right People of Freedom withdrew its support from his government this week and therefore intended to resign, the statement said. (Reuters)