Following a humiliating rout in parliament on Tuesday (8 November), Italian Prime Minister Silvio Berlusconi has said he will resign immediately after a package of austerity measures is approved - a development expected in the coming weeks.
"We're in a difficult situation with regard to the financial markets. Europe has requested we implement [austerity] measures, and it has done so with great insistence. Parliament has shown that we no longer have a majority. I have therefore asked th...
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