Where Italy to go: Monti resignation stokes fears (3)

And, considering the "serious sickness" of Italy which is mired in rising public debt, record-high unemployment and zero productivity, the atmosphere remains heavy and full of unknowns, Mazziero added.

Monti has promised to resign only once the 2013 budget law is approved by parliament, probably before Christmas, which has brought forward to February an election that was initially expected in March or April.

But there remains a big question mark over whether the emergency cabinet is in time, probably not anymore, to implement other important measures such as a reduction of the costs of politics and a development decree.

The perspective of a next government, unbalanced and made up of a likely winning center-left Democratic Party, a strong anti-European movement headed by former comedian Beppe Grillo, and a populist component represented by Berlusconi's followers, adds unpredictable consequences.

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