Italy's Silvio Berlusconi resigns
ITALIAN Prime Minister Silvio Berlusconi has officially resigned after lawmakers passed a package of economic reforms that were a condition for his departure, The Wall Street Journal reported.
Lawmakers approved a package of economic reforms that Berlusconi, who has been in power for 10 of the past 17 years, had set as a condition for quitting.
He announced his exit at a cabinet meeting and then formally submitted his resignation to Italian President Giorgio Napolitano.
Former EU commissioner Mario Monti, a 68-year-old economist with a formidable reputation but no experience in political office, is seen as the most likely contender to receive the mandate to form a new government, The Wall Street Journal said.
European Central Bank president Mario Draghi, the former governor of the Bank of Italy who took over in Frankfurt just this month, met Monti in Rome on Saturday in what was interpreted as an implicit endorsement.
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