Italian Prime Minister, Silvio Berlusconi, officially submitted his resignation on last Saturday.
This dramatic event in the world of Italian politics was met by hundreds of crowds cheering around presidential palace, applauding in excitement and expecting a better change to come. Isabella La Monica, one of the crowds commented as following: “I know that the crisis won’t be over just because he leaves, and I’m a bit concerned about what will happen with the markets, but I know that this country will be better without him. Things can’t get any worse.”
It is said that the whole alteration in politics of European nations including this event and retirement of George A. Papandreou, Prime Minister in Greece, represents a serious financial crisis that is threatening the market of European Union.
Mario Monti, a former member of the European Commission, is seen as a prospective leader who would form new government in Italy. The essential goal set for next Italy’s government is to reduce public debt, which current amount is said to be $2.6 trillion.
Naoko Takada
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