Home > Home > Silvio Berlusconi Resigns as Prime Minister of Italy

Silvio Berlusconi Resigns as Prime Minister of Italy

November 13, 2011

By Omid Azadi

Italian Prime Minister Silvio Berlusconi stepped down from office on Saturday, ending his 17-year political reign, following the approval of a budget reform bill by parliament.

In response to his loss of the parliamentary majority earlier in the week, Berlusconi announced he would be prepared to resign, on the condition that parliament passed his economic reform bill.

The lower house of parliament approved to a package of economic reforms on Saturday, forcing the 75-year-old billionaire and Italy’ s longest-serving prime minister, to formally submit his resignation to Italian President Giorgio Napolitano.

Napolitano has appointed former European Commissioner Mario Monti to head a transitional government to try to guide Italy out of its debt woes.

In spite of Italy’s troubling economic status, Berlusconi expressed contentment with his recent term as prime minister: “I am very proud of everything we have achieved in the last 3.5 years that were plagued by great economic distress” said Berlusconi.

The controversial politician and entrepreneur made clear that despite his resignation he has not given up on his political aspirations, declaring that he wants “to fight his way back into government”

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