Pressure Mounts for Italy’s Berlusconi to Resign

Posted November 7th, 2011 at 8:55 am (UTC-5)
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Italy's Prime Minister Silvio Berlusconi is under increasing pressure to resign, as allies leave his majority coalition ahead of Tuesday's key parliamentary vote.

With Mr. Berlusconi's majority in question, officials wonder if he can pass financial legislation key to securing European monetary assistance.

Rumors that Mr. Berlusconi would resign sent Italian markets upwards Monday. The prime minister quickly denied the rumors.