Italian Prime Minister Silvio Berlusconi is coming under increasing pressure to resign as Italy struggles to deal with its worsening economic crisis. Earlier today, one of Berlusconi’s main coalition partners, Umberto Bossi of the Northern League, urged him to step aside ahead of a crucial budget vote. With the third biggest economy in the eurozone, the economic crisis facing Italy is considered to be far more dangerous than Greece. Many economists believe that Italy’s borrowing costs are approaching levels that may force the nation to ask for a massive bailout — far bigger than the bailouts for Greece, Ireland or Portugal.
Italy’s Prime Minister Under Pressure to Resign as Massive Economic Crisis Worsens
HeadlineNov 08, 2011