Giorgio Napolitano, head of state, said Mr Berlusconi had expressed his recognition of the “urgent need” to respond quickly to the expectations of Europe through the approval of the stability law, which would be amended in light of the most recent recommendations of the European Commission.
The Prime Minister lost his absolute majority in parliament and found himself under intense pressure from his allies and the markets. Mr Berlusconi said he would consult with leaders of the country’s political parties over the next steps to be taken after his resignation. This left open the possibility of Italy heading to elections early next year – in which Mr Berlusconi could decide to run again – or possibly the formation of an alternative government.
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