Tags: EU | Italy | Financial | Crisis

End of an Era: Berlusconi Resigns

Saturday, 12 Nov 2011 03:50 PM

 

ROME  — Italy's presidential palace has confirmed that Premier Silvio Berlusconi has resigned, setting in motion a transition aimed at bringing Italy back from the brink of economic crisis.

Cheers broke out in front of the palace by the hundreds of people who gathered to witness Berlusconi's final act in office, ending a 17-year political era.

An Italian news report says Premier Silvio Berlusconi's political party will conditionally support a technical government headed by economist Mario Monti.

Italy's president is expected to ask Monti to try to form a new government once Berlusconi's resignation is confirmed Saturday night. Monti will be tasked with trying to bring Italy back from the brink of a Greek-style economic crisis.

The LaPresse news agency quotes a statement issued after Berlusconi chaired a meeting of his People of Liberties Party, saying the party would tell President Giorgio Napolitano that it would back Monti. But it said the party would meet again to ensure that Monti's Cabinet, legislative agenda and the timeframe of his government meet its requirements.

© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

After Paris Attacks, Calls to Tighten US Visa Rules

Saturday, 31 Jan 2015 23:30 PM

U.S. politicians are calling for changes to a law that allows Europeans and other foreigners to enter the country withou . . .

Gov. Scott Walker Tops Iowa Poll After Freedom Summit Speech

Saturday, 31 Jan 2015 22:42 PM

A Des Moines Register poll shows Wisconsin Gov. Scott Walker at the top of the pack of potential 2016 GOP nominees ahead . . .

Rep. Peter King's Terror Plan: 'Find Them and Kill Them'

Saturday, 31 Jan 2015 20:35 PM

The beheading of Japanese journalist Kenji Goto is a further wake-up call to the world and to America that we're not de . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved