Berlusconi Steps Down

After seventeen years in office, the colorful Italian Prime Minister, Silvio Berlusconi, resigned in humiliation Saturday, as the Italian Parliament adopted austerity measures for a failing economy. Media tycoon, Berlusconi held office “longer than any postwar leader, painting himself as the only choice for the dominant conservative bloc and a bastion against communism,” writes Barry Moody for Reuters. Trouble across the Euro zone was registered in Greece as well with the recent resignation of Prime Minister George A. Papandreou. Berlusconi was expected to resign earlier this week, but actually handed over his resignation on the past Saturday.

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