EP endorses Monti

Italy's Mario Monti was endorsed by the presidents of the political groups of the European Parliament to chair the high-level group on EU own resources. The former commissioner convinced the conference of presidents not only about his credentials to lead work on how to improve the revenue side of the EU budget, but above all about his neutrality. Some heavyweights in Parliament, such as President Martin Schulz (Germany), distrusted Monti as they considered the former Italian prime minister the Council's…