Europe hails "great" Monti as Italy crisis hits markets

Italy's Prime Minister Monti gestures at the World Policy Conference in CannesROME (Reuters) – European partners heaped praise on outgoing Italian Prime Minister Mario Monti on Monday, and called for the next government to stick to his reform agenda after his surprise decision to resign rattled financial markets. Monti's weekend announcement that he would step down early – made after former Prime Minister Silvio Berlusconi's PDL party withdrew its support for his technocrat government – pushed up Italy's borrowing costs and prompted a stock market sell-off. …

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