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Slideshow Gift cards for guns Police traded gift cards for guns during a Los Angeles buyback program. Slideshow Monti says will lead centrists in Italian vote Tweet Share this Email Print Related News Monti urges debate on Italy election as rivals open fire Mon, Dec 24 2012 Monti steps boldly into Italy election race - maybe Sun, Dec 23 2012 Italy's Monti opens door to seeking new term Sun, Dec 23 2012 Italy's Monti says would consider standing at election Sun, Dec 23 2012 Italy dissolves parliament, Monti mulls future Sat, Dec 22 2012 Analysis & Opinion The unbearable nostalgia for bipartisanship After Boehner’s Plan B, crafting a new plan for Republicans Related Topics World » Investing Simplified » Italy » 1 of 5. Italy's outgoing Prime Minister Mario Monti talks during a news conference in Rome December 28, 2012. Credit: Reuters/Tony Gentile By James Mackenzie and Steve Scherer ROME | Fri Dec 28, 2012 3:55pm EST ROME (Reuters) - Outgoing Italian Prime Minister Mario Monti said on Friday he would lead a centrist alliance in an election in February, ending weeks of speculation over his political future and confirming his bid for a second term. The announcement clears up some of the uncertainty hanging over election and puts Monti in a three-way contest for power with the center-left Democratic Party (PD), which is leading in the polls, and Silvio Berlusconi's People of Freedom (PDL) party. The former European Commissioner, appointed at the head of a technocrat government last year to save Italy from financial crisis after Berlusconi stepped down as prime minister, said he was willing to accept "being named as leader of the coalition". Monti said the alliance would try to go beyond traditional political boundaries and unite a broad coalition of political factions and groups from civil society around a reform agenda aimed at repairing the deep problems in the Italian economy. "The traditional left-right split has historic and symbolic value" for the country, but "it does not highlight the real alliance that Italy needs - one that focuses on Europe and reforms", Monti said after a meeting with centrist politicians. Monti, a favorite with international investors, the Catholic church and the business establishment, has been widely credited with restoring Italy's credibility after the scandal-plagued Berlusconi years. However ordinary Italians have become increasingly tired of the mix of tax hikes and spending cuts he has imposed to repair Italy's battered public finances and an opinion poll suggested that 61 percent did not want him to run in the election. Monti, whose status as senator for life means he does not have to stand for a seat, said the grouping could win a "significant result" in the election on February 24-25, but there have also been fears it could lead to a less stable parliament. BERLUSCONI ATTACKS Opinion polls suggest the PD, under Pier Luigi Bersani, will win a comfortable lower house majority but may have to strike a deal with centrist forces in the Senate, where the center left has struggled to gain control in past elections. The PD, which has pledged to maintain Monti's broad reform course while putting more emphasis on growth and jobs, has been skeptical about his candidacy, but has so far maintained a tone of polite respect for the 69-year-old economics professor. By contrast, Berlusconi has launched a media blitz against Monti with a series of angry attacks against his "Germano-centric" austerity policies, which he blames for deepening a severe recession and creating record unemployment. Berlusconi has vowed to scrap a hated property tax, introduced to help cut the deficit and one of the most notable symbols of Monti's year in office, and says he would stand up to German Chancellor Angela Merkel. Angelino Alfano, secretary of his center-right PDL, accused Monti of trying to organize a hidden accord with the left. The center-left PD, which unveiled Italy's chief anti-mafia prosecutor Piero Grasso as its latest candidate on Thursday, has indicated it would be willing to consider an alliance with Monti's centrists. However, it has also said that if it was the largest party in parliament, as polls suggest it will be, it would insist on naming the prime minister. Monti said that there would be a single list of candidates, possibly called "Monti's agenda for Italy", in the upper house, while he would probably be the prime minister candidate for a coalition of established parties in the lower house. He said technical aspects of the electoral law were the reason for the slightly different groupings in the two houses. However he also appeared to be giving way to the oldest and largest centrist party, the UDC, which is close to the church and which had opposed merging with other smaller parties. (Additional reporting by Roberto Landucci.; Editing by Alison Williams) World Investing Simplified Italy Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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