Prime Minister Mario Monti of Italy addressed how the economic situation in his country and Europe may affect the world economy. He delivered his remarks at the Peterson Institute on February 9, 2012, during his first visit in office to the United States.
Mario Monti became Prime Minister of Italy on November 16, 2011. He was asked by President Napolitano to form a new government to address Italy's economic crisis and restore both financial stability and economic growth. Previously he served as the member of the European Commission in charge of the internal market (1995–99) and competition policy (1999–2004). Both prior and subsequent to his tenure in Brussels, he was rector and president of Bocconi University in Milan. He was a member of the board of directors of the Peterson Institute for many years and delivered the annual Niarchos Lecture in 2006 on the topic "Does Europe Have an Economic Future?"