Monti poised to get nod to form next Italian govt

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ROME (AP) -- Economist Mario Monti is meeting with Italy's president, who is expected to ask him to try to form a government of technocrats to rescue Italy from looming financial disaster.

Silvio Berlusconi's party gave its crucial appproval for Monti to assemble a government, but insisted it last only long enough to implement urgently need economic reforms.

Berlusconi resigned reluctantly on Saturday, bowing to market pressures.

After talks with Italian political leaders, President Giorgio Napolitano summoned Monti, a university economics professor and former European Union competition commissioner, to come to the presidential palace to see if he has enough support in Parliament to form a government.