Berlusconi steps down as Italian Parliament approves austerity measures

Note: This section contains information in English only.
Source: Bloomberg
On late Saturday Italian premier Berlusconi resigned after dominating in politics for almost twenty years. Former PM submitted his resignation to Greece's President Napolitano, after the Chamber of Deputies approved austerity measures to reduce national debt and stimulate economic growth. Napolitano is going to ask new PM Mario Monti to establish a new government.

 

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