Mario monti pm 2011 11 13

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Mario Monti asked to lead new Italian government

Monti must now draw up a cabinet and be approved by both houses of parliament.

Italy's new PM Monti in talks with main parties as cost of bonds rises

New Italian PM Mario Monti is in talks with the main parties.

Italian government calls for confidence vote on austerity measures

PM Mario Monti called for a confidence vote on the austerity package.

Newly-named Italian Prime Minister Mario Monti (L) leaves the presidential palace on Nov. 13, 2011, after Italian President Giorgio Napolitano nominated him to form a new government.

ALBERTO PIZZOLI

AFP/Getty Images