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November 8, 2011

Italy’s Prime Minister Under Pressure to Resign as Massive Economic Crisis Worsens 
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Italian Prime Minister Silvio Berlusconi is coming under increasing
pressure to resign as Italy struggles to deal with its worsening
economic crisis. Earlier today, one of Berlusconi's main coalition
partners — Umberto Bossi, of the Northern League — urged him
to step aside ahead of a crucial budget vote. With the third biggest
economy in the Eurozone, the economic crisis facing Italy is considered
to be far more dangerous than Greece. Many economists believe that
Italy's borrowing costs are approaching levels that may force the nation
to ask for a massive bailout — far bigger than the bailouts for
Greece, Ireland or Portugal.



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