Silvio Berlusconi his resignation, the booing and jeering continued as he left in his convoy, with the public shouting words such as "buffoon", "dictator" and "mafioso". Following Berlusconi's resignation, Mario Monti formed a new government that would remain in office until the next scheduled elections in 2013. On 16 November, Monti announced that he had formed a Cabinet and was sworn in as Prime Minister of Italy, also appointing himself as Minister of Economy and Finances. In the following years Berlusconi often expressed his point of view regarding his resignation in 2011. He accused Angela Merkel, Nicolas Sarkozy, Christine Lagarde and Giorgio
Presidency of Nicolas Sarkozy European Union stimulus plan, to limit social discontentment. As he had promised to reach full-employment and to boost the economic growth, he faced growing protest. In the 2012 presidential elections, Sarkozy was defeated by Socialist François Hollande by a margin of 3.2%. Nicolas Sarkozy was elected president on 6 May 2007, but the official transmission of power took place ten days after. In this period of time, he could not exercise his power nor begin appointing a government. Between 7 and 9 May, he left on holidays with his family off Malta on board a yacht lent by a friend