Italian Prime Minister Berlusconi resigns amid immense pressure
President Giorgio Napolitano accepted Berlusconi's resignation after a meeting in the presidential palace, his office said.
Berlusconi, who failed to secure a majority in a crucial vote on Tuesday, handed in his resignation after parliament passed a package of measures demanded by European partners to restore market confidence in Italy's strained public finances.
Former European Commissioner Mario Monti is expected to be given the task of trying to form a new administration to face a widening financial crisis which has sent Italy's borrowing costs to unmanageable levels.
COMMENTS (2)
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ
1732177276-0/Copy-of-Untitled-(62)1732177276-0-270x192.webp "snow and freezing weather to disrupt uk travel plans")
1732177123-0/BeFunk_§_]__-(21)1732177123-0.jpg "former uk deputy pm john prescott dies aged 86")
1732179136-0/Copy-of-Untitled-(63)1732179136-0-270x192.webp "google celebrates november s half moon cycle featuring lunar phases")
1732172224-0/Express-Tribune-(1)1732172224-0-270x192.webp "teen streamer kid makes 30k in meme coin pump and dump scheme")
Berlusconi treated his voters like a flock of sheep by showering them with social benefits and entertaining them with trash shows of his TV-channels. Sergio Machionne, the boss of the carmaker FIAT had once said that his company would be better off without Italy, which lacks labour efficiency and industrial competitiveness. Many Italians love their country, if they don't have to live there. No doubt Berlusconi will be missed - not by the decent Italians, but by his loyalists and the paparazzi.
"Molto buono per gli italiani (Very good for Italy)." PM Berlusconi was playing around at parties and the economy was sending signals of its inability to pay back loans. Even the European Central Bank stopped discounting Italian bonds when bond rates exceeded 7 percent.
Mr. S Berlusconi immediately left the palace through a side entrance and went home. Our politicians keep on residing in official residences, use luxury cars and show their indignation and contempt. THANX to the 'biradari' and 'jirga' system still alive and kicking in a country of 177 million.
Sorry Pakistan but that's how it was NOT meant to be. My Salams