Big test ahead for the new premier of Italy, Mario Monti, with the opening of the European financial markets today.

Monti is starting work to form a new government to lead Italy out of its acute debt crisis which prompted the resignation of Silvio Berlusconi. The appointment of Monti, an ex-EU commissioner, was announced by Italy's president on Sunday, reports the bbc.co.uk.

Monti said he wanted to build "a future of dignity and hope" for Italy's children.