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New Face
Silver-Haired Paolo Gentiloni Was Officially Sworn in On Dec. 12, 2016
As the Italian New Prime Minister
Prime Minister Paolo Gentiloni
"I put my everything into finding the fastest solution possible" said Paolo Gentiloni. "As you can see from its make-up, the government will continue the innovative path of the Renzi government," he added. "I won't deny there are difficulties" in the wake of Renzi's fall, but "the government will get to work immediately..." According to the AFP, Italian Prime Minister Paolo Gentiloni's new cabinet was officially sworn in on Dec. 12, 2016, as the Eurozone' s third largest economy raced to reassure Europe its political crisis was over.
According to the foreign news from Rome, Gentiloni, 62, called to head up a new centre-left government after Prime Minister Matteo Renzi's resignation following a crushing referendum defeat, kept the line-up largely unchanged from the outgoing administration to ensure political stability.
The new government will guide Italy to elections due by February 2018, but which could come up to a year early.
Opposition parties have slammed the softly-spoken Gentiloni as little more than a Renzi puppet.
The anti-establishment Five Star movement said keeping the old crew at the helm ignored the wishes of those who voted against Renzi at the referendum.
Gentiloni admitted the referendum defeat had revealed mass discontent among the middle classes and young over the sluggish economy and unemployment, and said the job market would be "a priority for this government".
Silver-haired Gentiloni, a one-time student radical from an aristocratic family, will seek parliamentary approval of his new government. Milan's FTSE Mib saluted the new prime minister, remaining positive throughout the day.
Gentiloni has been rushing to resolve the political crisis in time for Italy to attend the European Council meeting in Brussels, where the pressing issue of migration is on the table. Italy is on the frontlines of the migrant crisis, with a record 175,000 people landing on its shores this year alone.
Italian Prime Minister Matteo Renzi announced his resignation on December 5, hours after learning he had suffered a crushing defeat in a referendum on constitutional reform: "My experience of government finishes here," Renzi told a press conference, acknowledging that the No campaign had won an "extraordinarily clear" victory in a vote on which he had staked his future.
Nearly 70% of Italians entitled to vote on December 4 cast their ballots, an exceptionally high turnout that reflected the high stakes and the intensity of the various issues involved.