On this day in 2011, Mario Monti accepted to become the 54th Prime Minister of Italy following the resignation of Silvio Berlusconi, who failed to tackle Italy’s debt crisis.
Monti, an economist served as the Prime Minister of Italy from 2011 to 2013, despite never having been an elected politician.
Prior to his appointment as Prime Minister, Monti served as a European Commissioner from 1995 to 2004, with responsibility for the Internal Market, Services, Customs and Taxation from 1995 to 1999 and for Competition from 1999 to 2004.
Monti had also been Rector and President of Bocconi University in Milan for many years.
Monti was sworn in as Prime Minister on 16 November 2011, just three days after he accepted the offer.