Berlusconi Steps Down, and Italy Pulses With Change
NY Times News Service @ Truthout - Marking the end of a tumultuous week and of an era in Italian politics, Prime Minister Silvio Berlusconi resigned Saturday evening after Parliament approved austerity measures sought by the European Union.
The lower house passed the measures on Saturday by a vote of 380 to 26, a day after they were approved by the Senate, trying to keep a step ahead of market pressures that sent borrowing rates on Italian bonds skyrocketing last week to levels that have required other euro zone countries to seek bailouts.
The vote, and Mr. Berlusconi’s resignation, come amid the biggest crisis facing the European Union in decades, in which the power of financial markets has upended traditional democratic processes. Read more.
The lower house passed the measures on Saturday by a vote of 380 to 26, a day after they were approved by the Senate, trying to keep a step ahead of market pressures that sent borrowing rates on Italian bonds skyrocketing last week to levels that have required other euro zone countries to seek bailouts.
The vote, and Mr. Berlusconi’s resignation, come amid the biggest crisis facing the European Union in decades, in which the power of financial markets has upended traditional democratic processes. Read more.
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