News Headline Summary

ECB's Asmussen says next Italian leader must continue reform efforts

Update details:

- Press reports this weekend indicated that Italian PM Monti has told the head of state he has lost support in Parliament and intends to resign, but will seek to pass the Italian budget first. Monti is to check with lawmakers to see if they are prepared to approve the budget law in the short time before formalising his irrevocable resignation. Monti's official end of his mandate is in April, however his resignation could lead to elections as early as February.

Print 06:53, 10 Dec 2012 - ECB - Source: Newswires