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News Link • Economy - International

As Nations Bet on Technocrats, Odds Look Stiff

• Wall Street Journal

The emergency government of Italian Prime Minister Mario Monti, which was unveiled Wednesday, isn't the first administration of technocrats Italy has tapped to pull it out of trouble. It does, however, face the highest stakes.

Twice in the 1990s, Italy's governments were led by or made up of economists, legal experts and other specialists who successfully carried out economic or political overhauls that Italy's fractured political establishment couldn't pull off.

But the challenges confronting Mr. Monti—as well as those facing the new technocratic prime minister of Greece, economist and former European central banker Lucas Papademos—are a magnitude greater.

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