Italian parties back Monti

Italy’s divided political parties restated their support for Prime Minister Mario Monti at the weekend, seeking to calm fears of instability that helped drive Rome’s borrowing costs to dangerous levels last week. Monti’s office dismissed an unsourced report in the Corriere della Sera newspaper that he was considering an early election in the autumn and the PDL party and centre-left Democratic Party that back his technocrat government ruled out withdrawing their support in parliament.