In a long-delayed move that doomed his third government, Silvio Berlusconi vowed to resign as Italy's longest-serving prime minister after losing majority in lower house of parliament and key economic reforms have been approved. "I will resign as soon as the law is passed... I see elections being held at the beginning of February and I will not be a candidate in them," he said. In the latest speech, Silvio Berlusconi claimed that he would not run again in early polls. In fact, both allies and opponents have been urging Silvio Berlusconi to hand over as Italy's debt crisis increases. Meanwhile, Italy's borrowing costs hit a record high of 7% on Wednesday. Berlusconi shared that he expected President Giorgio Napolitano to dissolve parliament and call early elections after his resignation. He also proposed former Minister of Justice Angelino Alfano as a candidate to replace him in future elections.
Italy's Prime Minister Silvio Berlusconi married his first wife Carla Elvira Dall'Oglio in 1965 and the couple had two children: Maria Elvira and Pier Silvio. He was divorced from Dall'Oglio in 1985 after having a relationship with the actress Veronica Lario with whom he subsequently had three children: Barbara, Eleonora and Luigi. Prime Minister of Italy married Veronica Lario five years after his first divorce. By this time, Berlusconi was a well-known entrepreneur, and his wedding was a notable social event. One of his best men was former Prime Minister and leader of the Italian Socialist Party Bettino Craxi. In May 2009, his second wife Veronica Lario announced that she was to file for divorce after he was photographed at the 18th birthday party of an aspiring model, Noemi Letizia.
75-year-old Silvio Berlusconi vows to resign as Italy's prime minister on November 8, 2011
The main reason is that his working majority in parliament disappears as he struggles to pass legislation with the aim of reducing Italy's huge national debt
It is necessary to emphasize that his third term in office sees new political scandals, often as result of his own gaffes
The resignation of Silvio Berlusconi as Prime Minister of Italy was said to cheer financial markets and EU leaders but did not remove some fears about Italy's vulnerable economy
Silvio Berlusconi was posed with Barack Obama and his wife Michelle at a meeting in Pittsburgh in September 2009
Silvio Berlusconi and his second wife Veronica Lario attended the opera in the nineties. They married on 15 December 1990, and have three children together
Italy: Prime Minister Silvio Berlusconi Decides To Resign