MILAN (AP) — The man tapped to be Italy's next premier earned the moniker
"Super Mario" in the halls of the European Commission, stopping such corporate
giants as Jack Welch and Bill Gates in their competitive tracks.
Elegantly attired with a formal demeanor, Mario Monti proved his mettle as a
tough negotiator when he blocked the merger of General Electric and Honeywell
and levied a euro500 million fine against Microsoft for abusing its dominant
position.
"He moves with caution and speaks with nuances. But he moves," said Carlo
Guarnieri, a political scientist at the University of Bologna.
A leading economist, Monti is among the most respected men in the country and
the most admired Italians
in Europe.
That will be no guarantee for success in the Herculean task before him:
building a majority large enough to push painful structural reforms through a
fractured Parliament to prevent Italy from being dragged into the burgeoning
debt crisis.
But he has some clear assets: he is part of the Italian financial
establishment, has strong ties to European institutions and governments and
enjoys the clear support of President Giorgio Napolitano, who gave Monti a
mandate Sunday to form a new government.
Providing a sober contrast to the audacious Silvio Berlusconi, who resigned
Saturday, Monti also is the favorite of the financial markets, which eased
pressure on Italian borrowing costs after his candidacy gained currency.
Monti, 68, cuts an austere and serious figure, which people who know him say
defies a subtle wit. He is multilingual and moves easily among European
capitals. Now the president of Milan's prestigious Bocconi University, he spent
10 years at the European Commission, about half in the powerful post of
competition commissioner, and is one of the founders of the Brussels-based
Bruegel think tank, which blends research with policy recommendations.
Monti is fully engaged in the European conversation on the common currency
and the role of its institutions. The night Napolitano named him senator for
life in Rome this past week, Monti was sitting on a panel discussing the euro's
future in Berlin.
"A person on the flight from Milan this morning asked me, 'Mr. Monti, are you
sure your are taking the right flight?'" he quipped.
While there is no question Monti is part of the political elite and travels
in the rarified circles of European policymakers, he does not give the
impression of being out of touch with ordinary Italians. TV clips show Monti
filling his car with gas — a clear contrast with fumbling responses by lawmakers
asked recently by TV satire programs the price of fuel.
In perk-filled Italy, the image of Monti at the gas tank carries more meaning
than that of a powerful figure engaged in ordinary tasks, but that of a powerful
man who does not seek privilege — something he says he wants to stamp out.
"By introducing more competition, we will in due course introduce more merit
and less of a role for nepotism, clientism, corruption, whatever," Monti said in
Berlin this week.
Monti was born in the town of Varese, north of Milan, the son of a bank
manager. As a teen, his father took him to see the U.S. and the Soviet Union at
the height of the Cold War so he could form a personal view of the two
powers.
He earned an economics and management degree at Bocconi and later studied in
the U.S. at Yale, and spent years teaching economics at several Italian
universities. He is recognized as a champion of the free market and reduced
government spending, who has been influential in setting European and
international antitrust standards.
"I have always been considered to be the most German among Italian
economists, which I always received as a compliment, but which was rarely meant
to be a compliment," Monti told a panel on the euro crisis hosted by the
Dahrendorf Symposium in Berlin.
He has called the German culture of stability one of its "better exports" — a
view which certainly will help Rome's relations with powerful Berlin as he
tackles Italy's enormous debt and stagnant growth. But associates say he also is
confident to stand up to European institutions — something the Berlusconi
government has lacked.
Monti is well aware of the negative prejudices faced by Italians in the
European arena, a view only exacerbated in recent years by Berlusconi's sex
scandals, numerous trials for business dealings and public gaffes, sometimes at
the expense of other leaders.
Although well-known in his own right, the contrast with Berlusconi is playing
well across Europe. ZDF German television this week described Monti as a "sober
finance expert — the opposite of Berlusconi."
"I think Mario is viewed as a breath of fresh air which would immediately
garner that kind of positive sense from other major European leaders," a former
U.S. ambassador to Italy, Ronald Spolgi, said on the sidelines of a conference
at Stanford University.
Fellow Milan resident Giorgio Armani thinks Monti "is physically perfect for
being premier," praising his "cerebral elegance."
Monti has managed a difficult feat in polarized Italy: He has respect both of
the left and the right. Few would be able to court favor from both Berlusconi
and archrival Romano Prodi, but Monti did just that. Berlusconi's government
nominated Monti to the European Commission in 1994, while Prodi, at the time EU
president, made him EU competition commissioner in 1999.
Berlusconi this week offered his congratulations to Monti on his appointment
as senator for life, recognizing his "outstanding achievements in the field of
science and social work."
Only in recent months has Monti openly said it was time for Berlusconi to go
in the occasional commentaries he has published in Corriere della Sera since
1978.
While his lack of political strings has gained him widespread trust, it could
also work against him as the head of a government of technocrats.
"There is concern being voiced here in some quarters about whether it is a
good move to install a government which is not anchored in partisan politics in
Italy. You need politics in Italy," said Paris-based Thomas Klau of the European
Council of Foreign Relations. "Leaving that objection aside, I think there is no
other figure currently in Italy enjoying so much cross-border respect as Mario
Monti."
Monti has indicated his strategy for governing a politically divided Italy in
editorials on the crisis he has written for Corriere, said Francesco Giavazzi,
an economics professor at Bocconi. Recognizing that structural reforms will be
unpopular in vast segments of the population, Monti's philosophy is to spread
the pain: balance reforms harmful to voters on the left with those harmful to
voters on the right.
"At the end of the day, you are at the same point. That is his philosophy to
avoid the deadlock in the reform process," Giavazzi said. "You can argue that
his theory will be very hard to implement. I think the strong point of the
government is that it would have a very clear idea of what to do."
___
Brooke Donald contributed from Palo Alto, California.
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