Berlusconi will resign after passing the Law of Stability

 

Italy, November 8, 2011

After repeatedly denying it, Prime Minister of Italy Silvio Berlusconi said he will submit his resignation to President Giorgio Napolitano after the adoption of the Stability Law of the EU.

After losing the majority in the House, the leader of the Partito della Libertà presented a paper that reads: “The President of the Council expressed the Head of State his thoughts on the implications of the outcome of the vote in the House.”

“At the same time, he has expressed concern about the urgent need for timely responses to the European partners with regard to the stability law, duly amended in the light of the latest contribution from the European Commission,” it adds.

The initiative comprises a fiscal adjustment plan that would open the door to the arrival of rescue funds from the European Union to Italy.

The letter, addressed to Italian President Giorgio Napolitano (of the opposition Partito Democratico), states that “once complete the process, the President of the Council shall forward the mandate of the Head of State.”