Crowds of young demonstrators took to the streets across Italy Thursday, protesting against the ongoing economic crisis and clashing with local police.

In Milan, clashes erupted as protestors made their way to Bocconi University, where the newly appointed Prime Minister Mario Monti was the president of its prestigious school of economics, according to local news agency Ansa,

Demonstrators called Monti's cabinet a "government of bankers", as many ministers in the government come from financial industries.

In Palermo, capital city of Sicily Region, demonstrators threw eggs and smoke bombs at various bank headquarters. Some tried to occupy the headquarters of the Intesa Sanpaolo Bank, of which the new Development and Infrastructure Minister Corrado Passera served as chief executive.

Police at one time had to use tear gas against masked protesters who were throwing rocks, bricks and smoke bombs. One protestor suffered head injuries.

In Rome, demonstrators threw eggs and oranges as "symbolic gesture of protest" at the Senate where Monti presented his government's agenda on Thursday.

Similar demonstrations took place in other major cities, drawing students and the unemployed to participate.