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In a bid to convince investors and his own government that Italy can cut its massive debt, Monti will present economic plans to the Senate in Rome before facing a vote of confidence tonight.
His country is dealing with ten-year bond yields above the seven per cent threshold, a situation which led Greece, Portugal and Ireland to seek bailouts.
Economists at UniCredit Chiara Corsa and Loredano Federico, in a note to investors read by Reuters, predicted "that the priorities will be liberalisations and measures to boost competition, the reform of the labour market and more incisive action on the pension system".
Shares have been declining over the last few days as investors and market traders worry about the debt crisis on the continent.
Posted by Greg Secker.
