Berlusconi finally resigns!

entropi

As taken from Reuters:

(Reuters) - Silvio Berlusconi resigned on Saturday to make way for an emergency government Italians hope will save them from financial ruin as thousands of jeering protesters shouted "clown, clown" and toasted the end of a scandal-plagued era.

Berlusconi, who failed to secure a majority in a crucial vote on Tuesday, stepped down as prime minister after parliament passed a package of measures demanded by European partners to restore market confidence in Italy's strained public finances.

Former European Commissioner Mario Monti is expected to be given the task of trying to form a new administration to face a widening financial crisis which has sent Italy's borrowing costs to unmanageable levels.

More than a thousand demonstrators waving banners mocking Berlusconi flocked to the president's residence at the Quirinale Palace as the motorcade carrying the billionaire media entrepreneur, who has been Italy's longest serving prime minister, entered.

The crowd grew so unruly that Berlusconi was forced to leave secretly via a side entrance and return to his private residence.

Cheers broke out when they heard that Berlusconi had resigned and the square broke out into a party atmosphere. People sang, danced and some broke open bottles of champagne.

An orchestra near the palace played the Hallelujah chorus from Handel's Messiah. "We are here to rejoice," one said.

Demonstrators chanting "resign, resign, resign" also gathered outside the prime minister's office and parliament, heckling ministers as they walked between the two buildings.

A small group of pro-Berlusconi demonstrators gathered outside his residence but were hugely outnumbered by opponents.

After the resignation, hundreds shouting "Jail, Jail, Jail,"

moved from the presidential palace to Berlusconi's residence to continue the noisy celebrations below his windows.

"This is something that deeply saddens me," the Italian news agency Ansa quoted Berlusconi as telling aides.

President Giorgio Napolitano will begin consultations with political leaders at 5:00 a.m. EST on Sunday morning. He was expected to ask Monti for form a government on Sunday night.

Italy, the euro zone's third largest economy, came close to disaster this week when yields on 10-year bonds soared over 7.6 percent, the kind of level which forced Ireland, Portugal and Greece to seek international bailouts.

Berlusconi, who failed to secure a majority in a vote on Tuesday, promised to resign once parliament passed the package of economic reforms demanded by European partners to restore confidence in Italy's battered public finances.

Monti, named by Napolitano as a Senator for Life on Wednesday, is expected to appoint a relatively small cabinet of technocrat specialists to steer Italy through the crisis.

With the next election not due until 2013, a technocrat government could have about 18 months to pass painful economic reforms but will need to secure the backing of a majority in parliament and could fall before then.

With a public debt of more than 120 percent of gross domestic product and more than a decade of anemic economic growth behind it, Italy is at the heart of the euro zone debt crisis and would be too big for the bloc to bail out.

Financial markets have backed a Monti government and as prospects of Berlusconi going became firmer last week, yields dropped below the critical 7 percent level, although they remain close.

"We don't yet have a new government in Italy and we have to wait, but I'm sure if Mario Monti will be appointed he will do whatever is necessary in order to restore the confidence of the financial markets in Italy," Alessandro Profumo, former head of Unicredit, Italy's largest bank, told Reuters.

SIGNS OF OPPOSITION MOUNT

Berlusconi, fighting an array of scandals and facing trials on charges ranging from tax fraud to paying for sex with an under-aged prostitute, had been under pressure to resign for weeks as the market crisis threatened to spin out of control.

International leaders including U.S. President Barack Obama, French President Nicolas Sarkozy and the head of the International Monetary Fund Christine Lagarde have expressed hopes a new government can be in place quickly.

Talks with Italian political parties are expected to begin on Sunday with hopes that a new government can be in place in time for the opening of financial markets on Monday.

However, even as preparations for a transition begin, signs of opposition have appeared, with Berlusconi's PDL party split between factions ready to accept a Monti government and others deeply opposed.

Berlusconi had a working lunch with Monti before the vote, suggesting the outgoing government will not try to block a quick handover, but the attitude of the center-right as a whole remains unclear.

The PDL's main coalition ally, the regional pro-devolution Northern League, has declared it will go into opposition, underlining the risk that the new government will lack the broad parliamentary support it will need to pass deep reforms.

"The convulsions in the center-right at the prospect of a government led by Mario Monti signal a danger: that a divided coalition may be tempted to unload its divisions on the country," the daily Corriere della Sera said.

The center-left Democratic party and smaller centrist parties have pledged support to Monti. Italy's main business and banking associations and some of the moderate trade unions have also called for a government of national unity.

I wonder what will happen to the Italian government now. There'll be no more sexy parties anyway :pac:

Pal

has often unnerved the candidate himself, never mind his aides.

But it has turned them into celebrities in their own right, with a growing following of admirers in an era when most campaigns preach strict message control and vetted talking points

Absurdum

when isa your dolmio daya

Biggins

He'll be back (I suspect). Be afraid! LOL

Kojak

Biggins wrote: »

He'll be back (I suspect). Be afraid! LOL

Sure he'll have to have a bunga bunga going away party. All 18 year old females get in free...........

Immaculate Pasta

He'll be dead within a year :cool:

Equium

We should have postponed the presedential elections for a few weeks and got Berlusconi instead. Sure, he's an idiot, but he's an entertaining idiot.

x in the city

Biggins wrote: »

He'll be back (I suspect). Be afraid! LOL

yeah, behind a mistress doggy style

Arawn

Equium wrote: »

We should have postponed the presedential elections for a few weeks and got Berlusconi instead. Sure, he's an idiot, but he's an entertaining idiot.

Give Higgins a chance, I predict a Max Mosely type scandal in the future.

Full.Duck

Kojak wrote: »

Sure he'll have to have a bunga bunga going away party. All 18 year old females get in free...........

Don't you mean under 18's

K-9

Sleazy and corrupt as hell but an absolute legend to boot, European politics will be less entertaining without him.

On 2 July 2003, Berlusconi suggested that German SPD MEP Martin Schulz, who had criticised his domestic policies, should play a Nazi concentration camp guard in a film.[155] Berlusconi insisted that he was joking, but accused Schulz and others to be "bad-willing tourists of democracy". This incident caused a brief cooling of Italy's relationship with Germany.[156]

Would go down well with Euro sceptics.

In the run-up to the 2008 Italian general election, Berlusconi was angrily accused of sexism for saying that female politicians from the right were "more beautiful" and that "the left has no taste, even when it comes to women".[165] In 2008 Berlusconi criticised the composition of the Council of Ministers of the Spanish Government as being too 'pink' by virtue of the fact that it has (once the President of the Council, José Luis Rodríguez Zapatero, is counted) an equal number of men and women. He also stated that he doubted that such a composition would be possible in Italy given the "prevalence of men" in Italian politics.[166]

The anti pc, liberal agenda love him.

Also in 2008 Berlusconi caused controversy at a joint press conference with Russian president Vladimir Putin. When a Russian journalist asked a question about Mr Putin's personal relationships, Berlusconi made a gesture towards the journalist imitating a gunman shooting.

For the pinko, socialist haters.

Two days after the 2009 L'Aquila earthquake, Berlusconi suggested that people left homeless should view their experience as a camping weekend.[179] While touring the earthquake site, he asked councillor Lia Beltrami, "Can I fondle you?"

Fecking wanting charity.

On 1 November 2010, after once again being accused of involvement in juvenile prostitution, he suggested that an audience at the Milan trade fair should stop reading newspapers: "Don't read newspapers any more because they deceive you. [...] I am a man who works hard all day long and if sometimes I use to look at some good-looking girl, it's better to be fond of pretty girls than to be gay"

For the homophobic crowd.

On 13 July 2011, according to a leaked telephone surveillance transcript, Berlusconi told his presumed blackmailer Valter Lavitola: "The only thing they can say about me is that I screw around [...] Now they're spying on me, controlling my phone calls. I don't give a ****. In a few months [...] I'll be leaving this **** country that makes me sick."

The more and more I think about it, he's posted on AH for years.