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November 08, 2011

Berlusconi will leave after reforms passed

Italian Prime Minister Silvio Berlusconi confirmed on Tuesday that he would stand down after a new budget law is approved in parliament.

"After the approval of this finance law, which has amendments for everything which Europe has asked of us and which the Eurogroup has requested, I will resign, to allow the head of state to open consultations," he told his own Canale 5 television.

He said Italy was in a "difficult position" with regard to financial markets and had to demonstrate that it was capable of serious reforms. He added that the only realistic option as far as he could see was new elections.





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