Tuesday, November 8, 2011

Italy's Berlusconi vows to resign

Breaking news

Italian Prime Minister Silvio Berlusconi will resign after key economic reforms have been approved, the country's president says.

Mr Berlusconi's decision follows a vote on the budget in parliament, in which he appeared to lose his majority.

Both allies and opponents have been urging him 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.

Source: http://www.bbc.co.uk/go/rss/int/news/-/news/world-europe-15646536

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