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Italian Prime Minister offers resignation




Italian Prime Minister Silvio Berlusconi
Italian Prime Minister Silvio Berlusconi
Vincenzo Pinto/AFP/Getty Images

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Italian Prime Minister Silvio Berlusconi offered to resign on Tuesday, agreeing to step down on the condition that Parliament passes an austerity package, before the country goes to early elections, government sources said. The move comes in the face of an escalating debt crisis that has stagnated Greece, threatens Italy and could detrimentally affect the rest of Europe.

Guest:

Dan Liefgreen, Bloomberg news, Italy Bureau Chief