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STORY: Mario Monti formed a new technocrat government in Italy on Wednesday to tackle a major debt crisis threatening the entire euro zone and said he hoped it would placate financial markets.
President Giorgio Napolitano swore in a 16-member government, including three women, at his palace on Wednesday afternoon, ending a chaotic political crisis that has placed Italy at the centre of the euro zone's burgeoning problems.
The government now has the urgent task of tackling a broader crisis that has pushed Italy's borrowing costs to untenable levels and brought it to the brink of economic disaster.