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(Image from article: "Italian Premier Silvio Berlusconi resigns")

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Italian Premier Silvio Berlusconi resigns

Italian Premier Silvio Berlusconi resigned today after parliament's lower chamber passed European-demanded reforms, ending a 17-year political era and setting in motion a transition aimed at bringing the country back from the brink of economic crisis.

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Italy's Berlusconi tries to calm fears over crisis

Prime Minister Silvio Berlusconi tried on Tuesday to calm fears that Italy could be swept into a full-scale financial crisis and the opposition pledged to smooth the passage through parliament of tough debt-cutting measures.

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