Prime Minister Mario Monti on Monday promised that Italy's next government would be pro-European as financial markets plunged and EU leaders called for stability after the caretaker leader announced he will step down ahead of a general election.
A woman walks past the Milan stock exchange. Italy's stock market plunged over three percent on Monday after a weekend of political drama in which Prime Minister Mario Monti announced his intention to resign and Silvio Berlusconi launched a comeback bid.
"I am very confident that. . . whatever coalition or government there will be, will be a highly responsible, Europe-oriented government," Monti said on the sidelines of a ceremony in Norway awarding the Nobel Peace Prize to the European Union.
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