Italian parliament dissolves

Italian president Giorgio Napolitano has dissolved parliament following Prime Minister Mario Monti's resignation, setting the stage for a February vote.

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Italian PM 'to resign today'

Italy's Prime Minister Mario Monti is expected to resign later today according to reports on Reuters. He was due to quit after the budget law has been passed. Former PM Silvio Berlusconi had said he plans to run in the general election next year.