ROME — As Italy grappled with a mounting debt crisis Tuesday, Prime Minister Silvio Berlusconi agreed to resign after parliament passes a key budget bill that includes provisions demanded by fellow members of the European Union.Read the rest here.
The embattled 75-year old media tycoon told Italian President Giorgio Napolitano he would step down once lawmakers approve the bill, which is scheduled to come to a vote next week. Berlusconi made the pledge hours after losing his parliamentary majority as the country teetered on the brink of a full-blown debt crisis. As his political support crumbled earlier in the day, he came under growing pressure to resign.
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