Italy’s Parliament gave final approval to a financial stability law on Saturday, paving the way for Prime Minister Silvio Berlusconi to resign and make way for an emergency government headed by former European Commission-er Mario Monti.
Mr Berlusconi, who failed to secure a majority in a crucial vote on Tuesday, promised to resign once Parliament passed the package of economic reforms, demanded by European partners to restore confidence in Italy’s strained public finances.
He is due to hand in his resignation to President Giorgio Napolitano after a Cabinet meeting that will mark the final act of the Berlusconi government and bring an end to one of the most scandal-plagued eras in Italy’s post-war history.
— Reuters