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Mario Monti

Mario Monti,OMRI (born 19 March 1943) is an Italian economist who served as the Prime Minister of Italy from 2011 to 2013, leading a technocratic government in the wake of the Italian debt crisis.

Prime Minister of Italy
In office
16 November 2011 – 28 April 2013
PresidentGiorgio Napolitano
Preceded bySilvio Berlusconi
Succeeded byEnrico Letta
Minister of Economy and Finance
In office
16 November 2011 – 11 July 2012
Prime MinisterHimself
Preceded byGiulio Tremonti
Succeeded byVittorio Grilli
European Commissioner for Competition
In office
15 September 1999 – 30 October 2004
PresidentRomano Prodi
Preceded byKarel Van Miert
Succeeded byNeelie Kroes
European Commissioner for Internal Market, Services, Customs and Taxation
In office
18 January 1995 – 15 September 1999
PresidentJacques Santer
Preceded byRaniero Vanni d'Archirafi
Succeeded byFrits Bolkestein
President of the Bocconi University
Assumed office
September 1994
Preceded byGiovanni Spadolini
Senator for life
Assumed office
9 November 2011
Appointed byGiorgio Napolitano
Personal details
Born (1943-03-19)19 March 1943 (age 78)
Varese, Lombardy, Kingdom of Italy
Political partyIndependent(1995–2013; 2015–present)
Civic Choice(2013–15)
Spouse(s)
Elsa Antonioli
(m. 1970)​
Children2
Alma materBocconi University
Yale University
Signature

Monti served as a European Commissioner from 1995 to 2004, with responsibility for the Internal Market, Services, Customs and Taxation from 1995 to 1999 and for Competition from 1999 to 2004. Monti has also been Rector and President of Bocconi University in Milan for many years.

On 12 November 2011, in the midst of the European sovereign debt crisis, Monti was invited by President Giorgio Napolitano to form a new technocratic government following the resignation of Silvio Berlusconi. Monti was sworn in as Prime Minister on 16 November 2011, just a week after having been appointed a Lifetime Senator by President Napolitano, and initially became Minister of Economy and Finances as well, giving that portfolio up the following July.

From 16 May 2013 to 17 October 2013 Monti was the President of Civic Choice, a centrist political party.

Contents

Monti was born in Varese on 19 March 1943. His mother was from Piacenza. Although his father grew up in Varese, he was born in Luján in the Buenos Aires Province, Argentina, where his grandfather Abramo had emigrated to from Italy in the 19th century and built up a soft-drink and beer-production business. Monti's father went back to Argentina during World War II, but later returned to his family home in Varese.

Monti studied at the private Leo XIII High School and attended Bocconi University of Milan, where he obtained a degree in economics in 1965. Later, he won a scholarship to Yale University where he studied under James Tobin, a recipient of the Nobel Prize in Economics.

Monti began his academic career at the University of Trento, before moving to teach economics at the University of Turin from 1970 to 1985, and finally to Bocconi University, where he was appointed Rector in 1989, and President in 1994. He also served as President of the SUERF (The European Money and Finance Forum) from 1982 to 1985. His research helped to create the "Klein-Monti model", aimed at describing the behaviour of banks operating under monopoly circumstances.

Santer Commission

In 1994, Monti was appointed to the Santer Commission, along with Emma Bonino, by Prime Minister Silvio Berlusconi. In his office as a European Commissioner from 1994 to 1999, he was responsible for internal market, financial services and financial integration, customs, and taxation. His work with the Commission earned him the nickname "Super Mario" from his colleagues and from the press.

Prodi Commission

In 1999, Prime Minister Massimo D'Alema confirmed Monti's appointment to the new Prodi Commission and he was given one of the most powerful positions at the Commission, with responsibility for Competition.

As Competition Commissioner, Monti led the investigation into a number of high-profile and controversial mergers, including: Scania AB & Volvo (1999), WorldCom & Sprint (2000), General Electric & Honeywell (2001), Schneider Electric & Legrand (2001) and Carnival Corporation & P&O Ferries (2002). His term in office also saw the European Court of Justice, for the first time, overrule the Commission's decision to block a merger in three separate cases, although two were decided by his predecessor. Monti was also responsible for levying the EU's largest ever fine at the time (€497 million) against Microsoft for abusing its dominant market position in 2004.

Mario Monti served as a European Commissioner from 1995 to 2004.

Monti was criticised in the media and by competition lawyers for the perceived inflexibility of the merger oversight process and the high number of cases that were being blocked. On 1 November 2002, Monti responding to the European Court of Justice's ruling which reversed his decision to block the merger between Airtours & First Choice Holidays said, "Last week was a tough week for the Commission's merger control policy and of course for me." This ruling in combination with his decision to block the General Electric & Honeywell merger led to criticism in the United States against both the Commission's procedures and accusations that Monti's decisions were politically motivated. Monti, however, was defended by supporters who saw his actions as an important step in the development of competition law in the EU. Dan Rubinfeld, economics professor at the University of California who worked on the US Justice Department's antitrust case against Microsoft, said of Monti, "There has been a lot of talk of politics in this and other cases, but I believe he has been driven entirely by the desire to do the right thing."

On 11 December 2002, Monti proposed a series of reforms to the EU's merger rules and made structural changes within the Commission's Competition department which aimed to improve transparency for companies throughout the merger review process. The reforms were adopted by the EU as Regulation 139/2004 (known as ECMR).

In 2004, Prime Minister Silvio Berlusconi returned to power in Italy and chose not to re-appoint Monti to the Commission when his second term ended.

Barroso Commission

In 2010, Monti was asked by Commission President Manuel Barroso to draft a "Report on the Future of the Single Market" proposing further measures towards the completion of the EU's Single Market. The published report, adopted by the EU on 13 April 2011, proposed 12 reforms to the Single Market and was intended to "give new momentum" to the European economy.

Appointment

Monti's Cabinet swearing-in ceremony at the presence of President Napolitano.

On 9 November 2011, Monti was appointed a lifetime senator by Italian President Giorgio Napolitano. He was seen as a favourite to replace Silvio Berlusconi to lead a new unity government in Italy in order to implement reforms and austerity measures. On 12 November 2011, following Berlusconi's resignation, Napolitano invited Monti to form a new government. Monti accepted the offer, and held talks with the leaders of the main Italian political parties, declaring that he wanted to form a government that would remain in office until the next scheduled general elections in 2013. On 16 November 2011, Monti was sworn in as Prime Minister of Italy, after unveiling a technocratic cabinet composed entirely of unelected professionals. He also chose to hold the post of Minister of Economy and Finances. On 17 and 18 November 2011, the Italian Senate and Italian Chamber of Deputies both passed motions of confidence supporting Monti's government, with only Lega Nord voting against.

Austerity measures

On 4 December 2011, Monti's government introduced emergency austerity measures intended to stem the worsening economic conditions in Italy and restore market confidence, especially after rising Italian government bond yields began to threaten Italy's financial stability. The austerity package called for increased taxes, pension reform and measures to fight tax evasion. Monti also announced that he would be giving up his own salary as part of the reforms. On 16 December 2011, the Lower House of the Italian Parliament adopted the measures by a vote of 495 to 88. Six days later the Upper House gave final approval to the package by a vote of 257 to 41.

Labour market reforms

Prime Minister Monti with U.S. Secretary of State Hillary Clinton, 2012.

On 20 January 2012, Monti's government formally adopted a package of reforms targeting Italy's labour market. The reforms are intended to open certain professions (such as taxi drivers, pharmacists, doctors, lawyers and notaries) to more competition by reforming their licensing systems and abolishing minimum tariffs for their services. Article 18 of Italy's labour code, which requires companies that employ 15 or more workers to re-hire (rather than compensate) any employee found to have been fired without just cause, would also be reformed. The reforms to Article 18 are intended to make it easier for companies to dismiss or lay-off employees, which would hopefully encourage companies to hire more employees on permanent rather than short-term renewable contracts. The proposals have been met by strong opposition from labour unions and public protests. In early January 2012, consultations between the government and labour unions commenced and on 13 February it was reported in the Italian media that a compromise on the proposals was very close and the government was hopeful that reforms could be approved by the Italian parliament in March.[needs update]

2013 election

On 21 December 2012, Monti announced his resignation as Prime Minister, having made a public promise to step down on 8 December, after the passing of the 2013 Budget. He initially stated that he would only remain in office until an early election could be held. However, on 28 December, he announced that he would seek to remain Prime Minister by contesting the election, as the leader of a centrist coalition, the Civic Choice.

The election was held on 24 February 2013, and Monti's centrist coalition was only able to come fourth, with 10.5% of the vote. Monti remained Prime Minister until a coalition was formed on 28 April led by Enrico Letta.

Lifetime Senator

Mario Monti with Russian Prime Minister Dmitry Medvedev at the 38th G8 summit.

On 9 November 2011, Monti was appointed a Lifetime Senator by Italian President Giorgio Napolitano, in accordance with the second paragraph of "Article 59 of the Constitution, which merits national honor distinguished in science and society". He was a member of the Commission for Industry, Commerce and Tourism from 30 November 2011 to 14 March 2013 in the sixteenth legislature. Monti was a member of the independents' mixed parliamentary group until 19 March 2013, when he joined the Civic Choice (SC) parliamentary group, becoming the first lifetime senator aligned with a party group. On 7 May 2013, he became a member of the Commission for Foreign Affairs and Emigration.

President of Civic Choice

On 4 January 2013, Monti launched Civic Choice as an electoral list of the civil society, to realize the implementation of his agenda in a future government. SC was announced as part of the With Monti for Italy (CMI) centrist coalition, alongside Union of the Centre (UdC) and Future and Freedom (FLI). In the 2013 general election, the party obtained 8.3% of the vote, 37 deputies (on own lists) and 15 senators (within CMI). On 12 March 2013, Civic Choice was turned into a political party as Monti took office as acting SC president in the Provisional Committee of the party and appointed senator Andrea Olivero as provisional political coordinator. On 16 May 2013, Mario Monti was unanimously elected president of the Civic Choice.

On 17 October 2013 he resigned and was replaced by his deputy Alberto Bombassei as acting president. Monti cited his disagreement with 12 senators (out of 20), including Mario Mauro, Andrea Olivero, Gabriele Albertini, Pier Ferdinando Casini (UdC leader), Maria Paola Merloni, Luigi Marino and Lucio Romano. Particularly, Monti criticized Mauro's line of unconditioned support to the government and of transforming SC in a larger centre-right political party, open to The People of Freedom.

Monti actively participates in several major think tanks. He was the founding chairman of Bruegel, another European think tank, which was formed in 2005.

Monti is a leading member of the exclusive Bilderberg Group. He has also been an international advisor to Goldman Sachs and The Coca-Cola Company.

In 2007, Monti was one of the first supporters of the first European civic forum, États Généraux de l'Europe, initiated by European think tank EuropaNova and European Movement. He was also a member of the French government's Attali Commission from 2007 to 2008, appointed by Nicolas Sarkozy to provide recommendations to enhance economic growth in France.

Monti is a founding member of the Spinelli Group, an organization launched in September 2010 to facilitate integration within the European Union (other members of the steering group include Jacques Delors, Daniel Cohn-Bendit, Guy Verhofstadt, Andrew Duff and Elmar Brok).

In January 2014, Monti became Chairman of the High Level Group on Own Resources, a consultative committee of the European Union aimed at proposing new forms of revenue for the European Union's budget. The final report of the group was adopted in December 2016 and published in January 2017. It argued for new tax sources, such as on carbon and fuel.

In 2019, Monti chaired a search committee which recommended to the European Commission the appointment of Mauro Ferrari as the next President of the European Research Council (ERC). In 2020, he was appointed by the World Health Organization’s Regional Office for Europe to chair the Pan-European Commission on Health and Sustainable Development to make recommendations on investments and reforms to improve the resilience of health and social care systems.

Other activities include:

Since 1970 Monti has been married to Elsa Antonioli (born 1944), an Italian Red Cross volunteer, with whom he has two children, Federica and Giovanni.

Known for his reserved character, Monti acknowledges not being especially sociable. He said that his youth was given over to hard study; spare-time activities included cycling and keeping up with world affairs by tuning into foreign short-wave radio stations.

In addition to his native Italian, Monti also speaks English.

National honours

Foreign honours

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  9. Matthews, Kent and Thompson, John (2008). The economics of banking, Chapter 6: The Theory of the Banking Firm, pp. 77–91. Wiley. Retrieved 13 February 2012.
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  11. Smith-Spark, Laura (13 November 2011). "Who is Italy's 'Super Mario' Monti?". CNN. Retrieved15 November 2011.
  12. "Examining the EU executive". BBC. 23 July 2004. Retrieved13 February 2012.
  13. "Monti puts brakes on EU merger mania". European Voice. 23 March 2000. Retrieved13 February 2012.
  14. "Sprint, WorldCom call off $120 billion merger". CNet News. 13 July 2000. Retrieved13 February 2012.
  15. "A shocking denouement". The Economist. 11 October 2001. Retrieved13 February 2012.
  16. "EU backs Carnival bid for P&O". The Guardian. 25 July 2002. Retrieved13 February 2012.
  17. "The full Monti". CNet News. 24 March 2004. Retrieved13 February 2012.
  18. "Microsoft hit by record EU fine". BBC. 24 March 2004. Retrieved13 February 2012.
  19. "Spaghetti Monti". The Economist. 5 October 2000. Retrieved13 February 2012.
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  21. "Monti braves the catcalls". The Economist. 13 December 2001. Retrieved13 February 2012.
  22. "Monti unveils merger reform proposals based on US model". European Voice. 12 December 2002. Retrieved13 February 2012.
  23. "Profile: Mario Monti". BBC. 13 November 2011. Retrieved12 February 2012.
  24. "Mario Monti to draw up single market report". EU Observer. 21 October 2009. Retrieved13 February 2012.
  25. Report on the future of the Single Market, 2010
  26. "Twelve projects for the 2012 Single Market: together for new growth". European Commission. 13 April 2011. Retrieved13 February 2012.
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  61. Commission appoints Mauro Ferrari as next President of the European Research Council European Commission, press release of May 14, 2019.
  62. Announcing the Pan-European Commission on Health and Sustainable Development: Rethinking Policy Priorities in the light of Pandemics World Health Organization, Regional Office for Europe, press release of August 11, 2020.
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Academic offices
Preceded by
Luigi Guatri
Rector of Bocconi University
1989–1994
Succeeded by
Roberto Ruozi
Preceded by
Giovanni Spadolini
President of Bocconi University
1994–present
Incumbent
Political offices
Preceded by
Raniero Vanni d'Archirafi
European Commissioner from Italy
1995–2004
Served alongside: Emma Bonino, Romano Prodi
Succeeded by
Franco Frattini
Preceded by
Antonio Ruberti
Succeeded by
Antonio Tajani
Preceded by
Raniero Vanni d'Archirafi
as European Commissioner for Internal Market and Services
European Commissioner for Internal Market, Services,
Customs and Taxation

1995–1999
Succeeded by
Frits Bolkestein
Preceded by
Christiane Scrivener
as European Commissioner for Customs and Taxation
Preceded by
Karel Van Miert
European Commissioner for Competition
1999–2004
Succeeded by
Neelie Kroes
Preceded by
Silvio Berlusconi
Prime Minister of Italy
2011–2013
Succeeded by
Enrico Letta
Preceded by
Giulio Tremonti
Minister of Economy and Finances
2011–2012
Succeeded by
Vittorio Grilli
Preceded by
Giulio Terzi di Sant'Agata
Minister of Foreign Affairs
Acting

2013
Succeeded by
Emma Bonino
Party political offices
Preceded by
Andrea Riccardi
President of Civic Choice
2013
Succeeded by
Alberto Bombassei
Acting

Mario Monti
mario, monti, language, watch, edit, omri, born, march, 1943, italian, economist, served, prime, minister, italy, from, 2011, 2013, leading, technocratic, government, wake, italian, debt, crisis, lifetime, senator, omriprime, minister, italyin, office, novembe. Mario Monti Language Watch Edit Mario Monti OMRI born 19 March 1943 is an Italian economist who served as the Prime Minister of Italy from 2011 to 2013 leading a technocratic government in the wake of the Italian debt crisis Lifetime Senator Mario Monti OMRIPrime Minister of ItalyIn office 16 November 2011 28 April 2013PresidentGiorgio NapolitanoPreceded bySilvio BerlusconiSucceeded byEnrico LettaMinister of Economy and FinanceIn office 16 November 2011 11 July 2012Prime MinisterHimselfPreceded byGiulio TremontiSucceeded byVittorio GrilliEuropean Commissioner for CompetitionIn office 15 September 1999 30 October 2004PresidentRomano ProdiPreceded byKarel Van MiertSucceeded byNeelie KroesEuropean Commissioner for Internal Market Services Customs and TaxationIn office 18 January 1995 15 September 1999PresidentJacques SanterPreceded byRaniero Vanni d ArchirafiSucceeded byFrits BolkesteinPresident of the Bocconi UniversityIncumbentAssumed office September 1994Preceded byGiovanni SpadoliniSenator for lifeIncumbentAssumed office 9 November 2011Appointed byGiorgio NapolitanoPersonal detailsBorn 1943 03 19 19 March 1943 age 78 Varese Lombardy Kingdom of ItalyPolitical partyIndependent 1995 2013 2015 present Civic Choice 2013 15 Spouse s Elsa Antonioli m 1970 wbr Children2Alma materBocconi University Yale UniversitySignature Monti served as a European Commissioner from 1995 to 2004 with responsibility for the Internal Market Services Customs and Taxation from 1995 to 1999 and for Competition from 1999 to 2004 Monti has also been Rector and President of Bocconi University in Milan for many years On 12 November 2011 in the midst of the European sovereign debt crisis Monti was invited by President Giorgio Napolitano to form a new technocratic government following the resignation of Silvio Berlusconi Monti was sworn in as Prime Minister on 16 November 2011 just a week after having been appointed a Lifetime Senator by President Napolitano and initially became Minister of Economy and Finances as well giving that portfolio up the following July From 16 May 2013 to 17 October 2013 Monti was the President of Civic Choice a centrist 1 political party Contents 1 Early life 2 Academic career 3 European Commissioner 3 1 Santer Commission 3 2 Prodi Commission 3 3 Barroso Commission 4 Prime Minister of Italy 4 1 Appointment 4 2 Austerity measures 4 3 Labour market reforms 4 4 2013 election 5 Political career 5 1 Lifetime Senator 5 2 President of Civic Choice 6 Other activities 7 Personal life 8 Awards and decorations 8 1 National honours 8 2 Foreign honours 9 See also 10 References 11 External linksEarly life EditMonti was born in Varese on 19 March 1943 2 His mother was from Piacenza Although his father grew up in Varese he was born in Lujan in the Buenos Aires Province Argentina where his grandfather Abramo had emigrated to from Italy in the 19th century and built up a soft drink and beer production business 3 4 Monti s father went back to Argentina during World War II but later returned to his family home in Varese 5 Monti studied at the private Leo XIII High School and attended Bocconi University of Milan where he obtained a degree in economics in 1965 Later he won a scholarship to Yale University where he studied under James Tobin a recipient of the Nobel Prize in Economics 6 7 Academic career EditMonti began his academic career at the University of Trento before moving to teach economics at the University of Turin from 1970 to 1985 and finally to Bocconi University where he was appointed Rector in 1989 and President in 1994 He also served as President of the SUERF The European Money and Finance Forum from 1982 to 1985 8 His research helped to create the Klein Monti model aimed at describing the behaviour of banks operating under monopoly circumstances 9 European Commissioner EditSanter Commission Edit In 1994 Monti was appointed to the Santer Commission along with Emma Bonino by Prime Minister Silvio Berlusconi In his office as a European Commissioner from 1994 to 1999 he was responsible for internal market financial services and financial integration customs and taxation 10 His work with the Commission earned him the nickname Super Mario from his colleagues and from the press 11 Prodi Commission Edit In 1999 Prime Minister Massimo D Alema confirmed Monti s appointment to the new Prodi Commission and he was given one of the most powerful positions at the Commission with responsibility for Competition 12 As Competition Commissioner Monti led the investigation into a number of high profile and controversial mergers including Scania AB amp Volvo 1999 13 WorldCom amp Sprint 2000 14 General Electric amp Honeywell 2001 Schneider Electric amp Legrand 2001 15 and Carnival Corporation amp P amp O Ferries 2002 16 His term in office also saw the European Court of Justice for the first time overrule the Commission s decision to block a merger in three separate cases although two were decided by his predecessor 17 Monti was also responsible for levying the EU s largest ever fine at the time 497 million against Microsoft for abusing its dominant market position in 2004 18 Mario Monti served as a European Commissioner from 1995 to 2004 Monti was criticised in the media and by competition lawyers for the perceived inflexibility of the merger oversight process and the high number of cases that were being blocked 13 19 20 On 1 November 2002 Monti responding to the European Court of Justice s ruling which reversed his decision to block the merger between Airtours amp First Choice Holidays said Last week was a tough week for the Commission s merger control policy and of course for me 17 20 This ruling in combination with his decision to block the General Electric amp Honeywell merger led to criticism in the United States against both the Commission s procedures and accusations that Monti s decisions were politically motivated 21 Monti however was defended by supporters who saw his actions as an important step in the development of competition law in the EU Dan Rubinfeld economics professor at the University of California who worked on the US Justice Department s antitrust case against Microsoft said of Monti There has been a lot of talk of politics in this and other cases but I believe he has been driven entirely by the desire to do the right thing 17 On 11 December 2002 Monti proposed a series of reforms to the EU s merger rules and made structural changes within the Commission s Competition department which aimed to improve transparency for companies throughout the merger review process 22 The reforms were adopted by the EU as Regulation 139 2004 known as ECMR In 2004 Prime Minister Silvio Berlusconi returned to power in Italy and chose not to re appoint Monti to the Commission when his second term ended 23 Barroso Commission Edit In 2010 Monti was asked by Commission President Manuel Barroso to draft a Report on the Future of the Single Market proposing further measures towards the completion of the EU s Single Market 24 25 The published report adopted by the EU on 13 April 2011 proposed 12 reforms to the Single Market and was intended to give new momentum to the European economy 26 Prime Minister of Italy EditAppointment Edit Monti s Cabinet swearing in ceremony at the presence of President Napolitano On 9 November 2011 Monti was appointed a lifetime senator by Italian President Giorgio Napolitano 27 He was seen as a favourite to replace Silvio Berlusconi to lead a new unity government in Italy in order to implement reforms and austerity measures 28 On 12 November 2011 following Berlusconi s resignation Napolitano invited Monti to form a new government 29 Monti accepted the offer and held talks with the leaders of the main Italian political parties declaring that he wanted to form a government that would remain in office until the next scheduled general elections in 2013 30 On 16 November 2011 Monti was sworn in as Prime Minister of Italy after unveiling a technocratic cabinet composed entirely of unelected professionals 31 He also chose to hold the post of Minister of Economy and Finances 32 33 On 17 and 18 November 2011 the Italian Senate and Italian Chamber of Deputies both passed motions of confidence supporting Monti s government with only Lega Nord voting against 34 35 Austerity measures Edit On 4 December 2011 Monti s government introduced emergency austerity measures intended to stem the worsening economic conditions in Italy and restore market confidence especially after rising Italian government bond yields began to threaten Italy s financial stability 36 The austerity package called for increased taxes pension reform and measures to fight tax evasion Monti also announced that he would be giving up his own salary as part of the reforms 37 On 16 December 2011 the Lower House of the Italian Parliament adopted the measures by a vote of 495 to 88 38 Six days later the Upper House gave final approval to the package by a vote of 257 to 41 39 Labour market reforms Edit Prime Minister Monti with U S Secretary of State Hillary Clinton 2012 On 20 January 2012 Monti s government formally adopted a package of reforms targeting Italy s labour market The reforms are intended to open certain professions such as taxi drivers pharmacists doctors lawyers and notaries to more competition by reforming their licensing systems and abolishing minimum tariffs for their services 40 41 Article 18 of Italy s labour code which requires companies that employ 15 or more workers to re hire rather than compensate any employee found to have been fired without just cause 42 43 would also be reformed The reforms to Article 18 are intended to make it easier for companies to dismiss or lay off employees which would hopefully encourage companies to hire more employees on permanent rather than short term renewable contracts 43 The proposals have been met by strong opposition from labour unions and public protests 44 In early January 2012 consultations between the government and labour unions commenced 45 and on 13 February it was reported in the Italian media that a compromise on the proposals was very close and the government was hopeful that reforms could be approved by the Italian parliament in March 46 needs update 2013 election Edit On 21 December 2012 Monti announced his resignation as Prime Minister having made a public promise to step down on 8 December after the passing of the 2013 Budget 47 He initially stated that he would only remain in office until an early election could be held 48 However on 28 December he announced that he would seek to remain Prime Minister by contesting the election as the leader of a centrist coalition the Civic Choice The election was held on 24 February 2013 and Monti s centrist coalition was only able to come fourth with 10 5 of the vote Monti remained Prime Minister until a coalition was formed on 28 April led by Enrico Letta 49 Political career EditLifetime Senator Edit Mario Monti with Russian Prime Minister Dmitry Medvedev at the 38th G8 summit On 9 November 2011 Monti was appointed a Lifetime Senator by Italian President Giorgio Napolitano in accordance with the second paragraph of Article 59 of the Constitution which merits national honor distinguished in science and society He was a member of the Commission for Industry Commerce and Tourism from 30 November 2011 to 14 March 2013 in the sixteenth legislature Monti was a member of the independents mixed parliamentary group until 19 March 2013 when he joined the Civic Choice SC parliamentary group becoming the first lifetime senator aligned with a party group On 7 May 2013 he became a member of the Commission for Foreign Affairs and Emigration President of Civic Choice Edit On 4 January 2013 Monti launched Civic Choice as an electoral list of the civil society to realize the implementation of his agenda in a future government SC was announced as part of the With Monti for Italy CMI centrist coalition alongside Union of the Centre UdC and Future and Freedom FLI In the 2013 general election the party obtained 8 3 of the vote 37 deputies on own lists and 15 senators within CMI On 12 March 2013 Civic Choice was turned into a political party as Monti took office as acting SC president in the Provisional Committee of the party and appointed senator Andrea Olivero as provisional political coordinator On 16 May 2013 Mario Monti was unanimously elected president of the Civic Choice On 17 October 2013 he resigned and was replaced by his deputy Alberto Bombassei as acting president 50 Monti cited his disagreement with 12 senators out of 20 including Mario Mauro Andrea Olivero Gabriele Albertini Pier Ferdinando Casini UdC leader Maria Paola Merloni Luigi Marino and Lucio Romano Particularly Monti criticized Mauro s line of unconditioned support to the government and of transforming SC in a larger centre right political party open to The People of Freedom 51 52 53 Other activities EditMonti actively participates in several major think tanks He was the founding chairman of Bruegel another European think tank which was formed in 2005 Monti is a leading member of the exclusive Bilderberg Group 54 He has also been an international advisor to Goldman Sachs 55 and The Coca Cola Company 56 In 2007 Monti was one of the first supporters of the first European civic forum Etats Generaux de l Europe initiated by European think tank EuropaNova and European Movement He was also a member of the French government s Attali Commission from 2007 to 2008 6 57 appointed by Nicolas Sarkozy to provide recommendations to enhance economic growth in France Monti is a founding member of the Spinelli Group 58 an organization launched in September 2010 to facilitate integration within the European Union other members of the steering group include Jacques Delors Daniel Cohn Bendit Guy Verhofstadt Andrew Duff and Elmar Brok In January 2014 Monti became Chairman of the High Level Group on Own Resources a consultative committee of the European Union aimed at proposing new forms of revenue for the European Union s budget The final report of the group was adopted in December 2016 and published in January 2017 59 It argued for new tax sources such as on carbon and fuel 60 In 2019 Monti chaired a search committee which recommended to the European Commission the appointment of Mauro Ferrari as the next President of the European Research Council ERC 61 In 2020 he was appointed by the World Health Organization s Regional Office for Europe to chair the Pan European Commission on Health and Sustainable Development to make recommendations on investments and reforms to improve the resilience of health and social care systems 62 Other activities include Center for Economic and Policy Research CEPR Distinguished Fellow since 2019 63 European Investment Bank EIB Member of the Appointment Advisory Committee 64 Friends of Europe Member of the Praesidium Moody s Member of the Senior European Advisory Council 65 Atlantic Council Member of the Business and Economics Advisors Group 66 Transparency International Chairman of the European Advisory Board since 2015 67 Trilateral Commission European Chairman 2011 68 Personal life EditSince 1970 Monti has been married to Elsa Antonioli born 1944 69 an Italian Red Cross volunteer with whom he has two children Federica and Giovanni 70 Known for his reserved character Monti acknowledges not being especially sociable 71 He said that his youth was given over to hard study spare time activities included cycling and keeping up with world affairs by tuning into foreign short wave radio stations 71 In addition to his native Italian Monti also speaks English 72 73 74 Awards and decorations EditNational honours Edit Italy Knight Grand Cross of the Order of Merit of the Italian Republic 29 November 2004 75 Commander of the Order of Merit of the Italian Republic 27 December 1992 76 Foreign honours Edit Japan Grand Cordon of the Order of the Rising Sun 3 November 2015 See also EditList of prime ministers of Italy Monti Cabinet Monti s Agenda for ItalyReferences Edit Wolfram Nordsieck Parties and Elections in Europe parties and elections eu Mario Monti nominato senatore a vita La mossa del Colle il via libera del premier La Repubblica in Italian 9 November 2011 Retrieved 14 November 2011 Monti d Italia e d Argentina Il Grande Sud Archived 11 February 2012 at the Wayback Machine in Italian Il Sole 24 Ore 17 November 2011 Retrieved 30 December 2011 Mario Monti el sucesor de Berlusconi es hijo de un argentino in Spanish La Nacion 14 November 2011 Retrieved 30 December 2011 Camanzini Enrico Mario Monti dalla citta giardino al Palazzo Madama I ricordi delle gite sui monti delle Prealpi in Italian Il Giorno 12 November 2011 Retrieved 17 November 2011 a b Public hearing Strengthening economic governance in the EU Brussels 13 January 2011 Curriculum vitae of speakers Retrieved 12 November 2011 Clift Jeremy June 2005 Super Mario and the Temple of Learning International Monetary Fund Staff n d Past SUERF Presidents and Vice Presidents SUERF Retrieved 14 November 2011 Matthews Kent and Thompson John 2008 The economics of banking Chapter 6 The Theory of the Banking Firm pp 77 91 Wiley Retrieved 13 February 2012 Ex EU Commissioner Mario Monti Takes over Italy Sofia News Agency 14 November 2011 Retrieved 12 June 2013 Smith Spark Laura 13 November 2011 Who is Italy s Super Mario Monti CNN Retrieved 15 November 2011 Examining the EU executive BBC 23 July 2004 Retrieved 13 February 2012 a b Monti puts brakes on EU merger mania European Voice 23 March 2000 Retrieved 13 February 2012 Sprint WorldCom call off 120 billion merger CNet News 13 July 2000 Retrieved 13 February 2012 A shocking denouement The Economist 11 October 2001 Retrieved 13 February 2012 EU backs Carnival bid for P amp O The Guardian 25 July 2002 Retrieved 13 February 2012 a b c The full Monti CNet News 24 March 2004 Retrieved 13 February 2012 Microsoft hit by record EU fine BBC 24 March 2004 Retrieved 13 February 2012 Spaghetti Monti The Economist 5 October 2000 Retrieved 13 February 2012 a b Mario Monti Merger man on a mission BBC 1 November 2002 Retrieved 13 February 2012 Monti braves the catcalls The Economist 13 December 2001 Retrieved 13 February 2012 Monti unveils merger reform proposals based on US model European Voice 12 December 2002 Retrieved 13 February 2012 Profile Mario Monti BBC 13 November 2011 Retrieved 12 February 2012 Mario Monti to draw up single market report EU Observer 21 October 2009 Retrieved 13 February 2012 Report on the future of the Single Market 2010 Twelve projects for the 2012 Single Market together for new growth European Commission 13 April 2011 Retrieved 13 February 2012 Napolitano nomina Monti senatore a vita Corriere della Sera 9 November 2011 Retrieved 9 November 2011 Vagnoni Giselda Hornby Catherine 10 November 2011 Mario Monti Emerges as Favorite To Lead Italy Reuters Retrieved 10 November 2011 Incarico a Monti Occorre crescita ed equita la Repubblica 12 November 2011 Retrieved 12 November 2011 Donadio Rachel Povoledo Elisabetta 16 November 2011 Facing Crisis Technocrats Take Charge in Italy The New York Times Retrieved 16 November 2011 Monti Unveils Technocratic Cabinet for Italy 16 November 2011 BBC News Retrieved 17 November 2011 Squires Nick 16 November 2011 Mario Monti Appoints Himself Economy Minister as He Unveils Italy Government The Daily Telegraph Retrieved 16 November 2011 Monti Unveils Technocratic Cabinet for Italy BBC News 16 November 2011 Retrieved 17 November 2011 Winfield Nicole 18 November 2011 Italian leader Mario Monti wins second confidence vote The Independent Retrieved 10 February 2012 New Italy PM wins confidence vote on tough reform plans Reuters 17 November 2011 Retrieved 13 February 2012 Europe Italy Bonds Italy Pays More Than 7 at Treasury Bond Auction for Third Time in a Week Bloomberg 29 November 2011 Retrieved 10 February 2012 Italy crisis Mario Monti announces austerity plan BBC 4 December 2011 Retrieved 10 February 2012 Italy s Monti wins confidence vote over austerity BBC 16 December 2011 Retrieved 10 February 2012 Italy senate passes Monti s austerity package BBC 22 December 2011 Retrieved 10 February 2012 Italy approves sweeping reforms BBC News 20 January 2012 Retrieved 13 February 2012 Monti unveils liberalisation plans Financial Times 20 January 2012 Retrieved 13 February 2012 Berlusconi 2 Cofferati 1 The Economist 27 June 2002 Retrieved 13 February 2012 a b Italy govt to pass labour reforms even without unions Reuters 2 February 2012 Retrieved 13 February 2012 Italy vs the unions Financial Post 27 December 2011 Retrieved 13 February 2012 Italy begins talks on labour market reform France 24 9 January 2012 Archived from the original on 31 July 2012 Retrieved 13 February 2012 E il Professore accelera sulla riforma La Repubblica 13 February 2012 Retrieved 13 February 2012 The Economist Dec 9th 2012 by J H ROME Mario Monti s resignation 1 Italy s Mario Monti set to resign as MPs pass budget BBC Retrieved 21 December 2012 Italy gets unusual left right coalition government with Enrico Letta as PM Toronto Star 27 April 2013 Retrieved 3 June 2013 Monti si dimette da Scelta Civica 11 senatori piu Mauro mi hanno sfiduciato Ho imbarcato specialisti di slalom Senza me Berlusconi sarebbe sul Colle Corriere Retrieved 5 December 2013 Mario Monti si dimette da Scelta Civica Scelta Civica per l Italia Retrieved 5 December 2013 2 dead link Steering Committee Bilderberg Meetings Archived from the original on 9 November 2011 Retrieved 12 November 2011 Foley Stephen 18 November 2011 What Price the New Democracy Goldman Sachs Conquers Europe The Independent Retrieved 18 November 2011 European Commission Economic and Financial Affairs Brussels Economic Forum 2009 speakers Mario Monti Retrieved 19 November 2011 Commission Attali fr MEP Spinelli Group launched today in European Parliament EurActiv PR Monti report recommends reform of EU budget PDF Future Financing of the EU Final report and recommendations of the High Level Group on Own Resources PDF Commission appoints Mauro Ferrari as next President of the European Research Council European Commission press release of May 14 2019 Announcing the Pan European Commission on Health and Sustainable Development Rethinking Policy Priorities in the light of Pandemics World Health Organization Regional Office for Europe press release of August 11 2020 Distinguished Fellows Center for Economic and Policy Research CEPR Appointment Advisory Committee European Investment Bank EIB NYU SternConnect Speaker Profile nyu edu Jason Harmala Advisory Groups Atlantic Council Archived from the original on 6 January 2012 Our Advisory Board Transparency International About the Trilateral Commission European Region Trilateral Commission Archived from the original on 9 May 2013 Retrieved 3 April 2013 Monti non era un secchione parla Padre Uberto Ceroni suo ex prof in Italian Blitz 10 February 2012 Retrieved 10 February 2012 Mario Monti il professore riservato ma intransigente dallo humour anglosassone in Italian Adnkronos 13 November 2011 Retrieved 14 November 2011 a b Reserved Mario Monti Has Little in Common with Colourful Silvio Berlusconi National Post Agence France Presse 13 November 2011 Retrieved 21 November 2011 Mario Monti Says It Is Wrong to Under Valuate Market Reaction to Italy Program YouTube Bloomberg Markets and Finance Retrieved 21 November 2018 Interview With Mario Monti TIME YouTube TIME Retrieved 21 November 2018 Mario Monti Doesn t See a Danger of Italy Leaving the Eurozone YouTube Bloomberg Politics Retrieved 21 November 2018 Presidential Awards Quirinal Palace Archived from the original on 13 January 2012 Retrieved 19 November 2011 Presidential Awards Quirinal Palace Archived from the original on 13 January 2012 Retrieved 19 November 2011 External links EditWikimedia Commons has media related to Mario Monti Profile of Mario Monti at The Telegraph Articles about Monti at The GuardianAcademic officesPreceded by Luigi Guatri Rector of Bocconi University 1989 1994 Succeeded by Roberto RuoziPreceded by Giovanni Spadolini President of Bocconi University 1994 present IncumbentPolitical officesPreceded by Raniero Vanni d Archirafi European Commissioner from Italy 1995 2004 Served alongside Emma Bonino Romano Prodi Succeeded by Franco FrattiniPreceded by Antonio Ruberti Succeeded by Antonio TajaniPreceded by Raniero Vanni d Archirafi as European Commissioner for Internal Market and Services European Commissioner for Internal Market Services Customs and Taxation 1995 1999 Succeeded by Frits BolkesteinPreceded by Christiane Scrivener as European Commissioner for Customs and TaxationPreceded by Karel Van Miert European Commissioner for Competition 1999 2004 Succeeded by Neelie KroesPreceded by Silvio Berlusconi Prime Minister of Italy 2011 2013 Succeeded by Enrico LettaPreceded by Giulio Tremonti Minister of Economy and Finances 2011 2012 Succeeded by Vittorio GrilliPreceded by Giulio Terzi di Sant Agata Minister of Foreign Affairs Acting 2013 Succeeded by Emma BoninoParty political officesPreceded by Andrea Riccardi President of Civic Choice 2013 Succeeded by Alberto Bombassei ActingRetrieved from https en wikipedia org w index php title Mario Monti amp oldid 1037610849, wikipedia, wiki, book, books, library,

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