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Italy's Napolitano mulls how to proceed with new government formation as he takes oath

President Giorgio Napolitano begins his unprecedented second term with the daunting task of trying to find a candidate who can form a government two months after national elections left Italy with no clear winner and an increasingly discredited political class.

The 87-year-old Napolitano takes his oath of office later Monday and is expected to address the nation about plans to bring recession-mired Italy out of its political paralysis and the euro-zone's third-largest economy back on the path of financial reforms and growth.

He was re-elected Saturday after politicians failed to find a new candidate who could carry a majority of Parliament and regional voters. The divisive process resulted in the implosion of the center-left Democratic Party and the galvanizing of the anti-establishment 5-Star Movement.