Carlo Cottarelli is on the wires now
- Elections are seen at the beginning of next year
- But if he doesn't win vote of confidence, elections will be after August
- Says his government would have the job to pass next year's budget
- Says that his government would ensure prudent management of Italy's finances
Cottarelli becomes Italy's prime minister-designate now. But it won't last for long. The political parties battling it out surely won't vote in favour of his government, and fresh elections later this year is pretty much a guarantee at this point.
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