Berlusconi resigns

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Parliament accepted the austerity conditions that Prime Minister Silvio Berlusconi submitted as terms for his resignation.

The austerity measures included increasing the resignation from 65 to 67 by 2026, offering tax breaks to companies that hire young adults, and selling state assets according to the New York Times.

The debt in Italy is $2.6 trillion dollars which Time Magazine reports to 120 percent the country's economic output.

With these numbers being broken down by Time and the New York Times it brings a greater clarity to the 380 to 26 vote that approved his terms for resignation.

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This page contains a single entry by forno001 published on November 12, 2011 12:19 PM.

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