Berlusconi to resign

[dipsydoodle]

Source: The Star

ROME—Embattled Italian Prime Minister Silvio Berlusconi has told Italy's president he will resign after parliament approves its latest economic reform plan.

Read more: http://www.thestar.com/news/world/article/1083093--berlusconi-to-resign?bn=1

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Berlusconi to resign after parliament OKs reforms.

ROME — Premier Silvio Berlusconi promised Tuesday to resign after parliament passes economic reforms demanded by the European Union, capping a two-decade political career that has ended with Italy on the brink of being swept into Europe's debt crisis.

Italian President Giorgio Napolitano met for about an hour with Berlusconi after the premier lost his parliamentary majority during a routine vote earlier Tuesday. In a statement, Napolitano's office said Berlusconi had promised during the meeting to resign once the economic reforms have passed parliament.

http://www.ajc.com/business/berlusconi-to-resign-after-1219870.html

[Roland99]

1. Another Greek tragedy

BERLUSCONI: `ONLY POSSIBILITY' IS EARLY ELECTIONS -Bloomberg
BERLUSCONI: PRESIDENT WILL DECIDE HOW TO RESOLVE CRISIS -Bloomberg
ITALY'S BERLUSCONI SAYS IMPORTANT TO ACT IN COUNTRY'S INTEREST -Bloomberg

[FiveGoodMen]

2. Will he STAY gone this time?

[dipsydoodle]

4. I would think so

However - some other poor mug will now carry the can on the austerity measures.

[Duct Tape]

19. Hopefully, but with

the media control he has...

[rhett o rick]

3. He is getting off lucky. Remember what the Italians did to Mussolini and his mistress? nm

[muriel_volestrangler]

5. Stocks Rebound as Italy's Berlusconi to Resign

Stocks jumped in afternoon trading Tuesday, following news Italian Prime Minister Silvio Berlusconi will resign after the approval of new budget law.

“The market likes the announcement…But I’m not sure if this is going to change things at the end of the day,” said Doreen Mogavero, president and CEO of Mogavero Lee & Company. “(Berlusconi’s) resignation gives us a better chance at getting resolutions quicker, but it does not negate the fact that there are still difficulties in Italy.”

http://www.cnbc.com/id/45205966

Not many people who can enrich others by resigning.

[Nye Bevan]

6. Excellent. Good riddance.

He has been a disaster for Italy.

[Uncle Joe]

7. Congratulations to the Italian People.

Thanks for the thread, dipsydoodle.:thumbsup:

[No Elephants]

8. Bunga, bunga, buh bye.

[freshwest]

9. Hope this isn't another 'rat leaving the sinking ship' the way GWB did...

Other than that, I'd say they're better off without the guy.

[bemildred]

11. It appears he is offereing a trade, pass austerity measures, and then he will resign. nt

[freshwest]

12. IOW, his masters' job is done. 'Misery Accomplished' on the Italian people.

[DCBob]

10. The best news we have had in months regarding the EU mess.

This may be the turning point.

[47of74]

13. YAY!!!

That's great news to see that horrible and disgusting man leaving!

[Kingofalldems]

14. Aren't the freepers big fans of him?

[lovuian]

15. FINALLY

Another of Bush's poodles goes out

[MissHoneychurch]

16. I will believe it when he signs the resignation papers

not a minute before.

Otherwise ... about time. And it will be interesting to see who the Italians will vote in next and how long they will last.

[seafan]

17. Euro crisis claims another leader as Berlusconi agrees to step down

It's been a long road for Italy.


AFP/GETTY Link



From the Christian Science Monitor:

By Robert Marquand
November 7, 2011

Italian Premier Silvio Berlusoni waves to journalists as he leaves the Quirinale, Presidential palace, after meeting with Italian President Giorgio Napolitano, in Rome, Tuesday. Berlusconi says his decision to resign after parliament passed economic reforms is for the good of the country, and to settle financial markets that have lost confidence in Italy's ability to rein in debt and spur growth.

Roberto Monaldo/LaPresse/AP

November 7, 2011

Europe continued to move into uncharted waters today as Italian Prime Minister Silvio Berlusconi's rule appeared over and Greece has reportedly decided on a new prime minister.

Greece, and more significantly Italy, are in the throes of a eurozone debt crisis whose dynamics appear to be accelerating, with what two years ago was an economic and banking crisis now proving to have profound political consequences.

“The eurozone now faces political, economic, financial, and institutional crises all at the same time,” argues Sony Kapoor of the Brussels think tank Re-Define.

Prime Minister Berlusconi today failed to achieve a majority in the Italian parliament in a vote considered a symbolic referendum on his ability to handle the nation at a time of greater urgency than Italy has faced in decades. He agreed to resign if parliament passed austerity measures that the European Union wants.

.....

Ireland, Portugal, Greece and now, Italy.



It's been a long road for us all. Here's to better times ahead. :toast:

[Alamuti Lotus]

18. should be swinging from a lamp-post, not dictating his own terms for departure

[Yo_Mama_Been_Loggin]

20. He'll have more time now

for bunga bunga parties.