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November 12, 2011


Berlusconi Resigns

Silvio Berlusconi "has resigned as prime minister of Italy after a historic vote paved the way for a new government in Rome tasked with shoring up the country's economy and taking it off the frontline in the eurozone crisis," the Guardian reports.

"With his formal resignation, which was confirmed by the presidential palace on Saturday night, the 75-year-old billionaire brought down the curtain on a government that has played a significant role in taking the European single currency and the global economy to the brink of catastrophe. The dramatic end of Berlusconi's 17-year domination of Italian politics came as the lower house of parliament approved a package of savage cuts and stimulus measures demanded by the European Union to trim Italy's massive €1.9 trillion debt."












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