Italian Crisis: Silvio Berlusconi Vows To Resign, page
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Topic started on 8-11-2011 @ 04:33 PM by Pirateofpsychonautics

Italian Crisis: Silvio Berlusconi Vows To Resign


www.bbc.co.uk
Italian Prime Minister Silvio Berlusconi has confirmed he intends to resign after key economic reforms have been approved.

His announcement follows a vote in parliament on the budget in which he appeared to lose his majority.

Both allies and opponents have been urging Mr Berlusconi to step down as Italy's debt crisis grows.

Borrowing rates have shot up in recent days, raising concerns over whether Italy can service its debts.

While Italy's deficit is relatively low, investors are concerned that the combination of Italy's low growth rate and 1.9tn euro (£1.63tn; $2.6tn) debt cou
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