Current Italy PM Mario Monti ready for Second confidence vote

Italy Financial Crisis

FILE - In this May 31, 2005 filer Piero Gnudi speaks to reporters as he leaves the Bank of Italy annual assembly in Rome. Piero Gnudi has been named

Italy Financial Crisis

Italian Premier Mario Monti unveils his anti-crisis strategy ahead of a confidence vote in his day-old government at the Senate in Rome Thursday, Nov

Italy Financial Crisis

Italian Premier Mario Monti looks up during a session of the Senate, in Rome, Thursday, Nov. 17, 2011. Against the backdrop of anti-austerity protest

Current Italian Prime Minister Mario Monti is ready to face a second confidence vote on Friday after easily winning Senate approval to begin reforms aimed at revitalizing the country's debt ridden economy.

Monti easily won a vote in the upper house - the Senate - on Thursday, widely regarded as his first test since becoming leader.Observers say his government is expected to find similar support in the Chambers of Deputies.

On Thursday, he outlined reforms to tackle the country's economic problems.

Monti unveiled an ambitious growth-boosting program before the Italian Senate on Thursday, warning that Italy and Europe faced a moment of “serious emergency” and calling on lawmakers for national unity and responsibility.

Mr Monti is under considerable pressure to act quickly after Italy's borrowing costs again reached unsustainable levels, despite dropping to safer territory early this week following his appointment.

He was sworn in on Sunday to lead a government of experts - including fellow professors, bankers and businessmen - after the country's worsening financial crisis forced out veteran leader Silvio Berlusconi.