Itlay PM to quit as party support wanes

Italy Prime Minister Mario Monti said Saturday he will resign as soon as an important budget law is passed amid waning support from Silvio Berlusconi's party.
Silvio Berlusconi had announced a few hours earlier that he would run for the office of prime minister again, according to a report by The New York Times.
The Guardian reported that although Monti's time in office is supposed to end in April, elections could happen as early as February.
Monti took office last spring after Berlusconi left surrounded by scandal and turmoil.
Monti is credited with improving Italy's market standing, according to The New York Times.
But Monti has relied on support from Berlusconi's party in Parliament throughout his time in office, and that support has since dried up, according to The Guardian.
Berlusconi claims that Italy is worse off now than when he left office, according to The New York Times.