Pier Paolo Cito, Associated Press
ROME — Italy's Senate has approved economic reforms demanded by the European Union, paving the way for Premier Silvio Berlusconi to resign as early as this weekend and a new government to be formed.
The Senate voted 156-12 Friday to pass the budget bill, which contained the reform measures. The lower Chamber of Deputies is expected to approve the legislation by Saturday.
Berlusconi has promised to resign as soon as parliament passes the reforms.
There are mounting indications that respected economist Mario Monti will be tapped to head a transitional government to push through even more difficult reforms to pull Italy back from a Greek-style economic crisis that would threaten the existence of the entire eurozone and cause a global recession.
- The Associated Press' top 10 movies of the year
- Christmas 1914: The day even WWI showed humanity
- Prepackaged caramel apples linked to 4...
- Police boss: NYC cops 'quite simply,...
- What people never mention when they talk...
- Hackers warn not to release 'The Interview'...
- Cincinnati coach Mick Cronin has aneurysm
- Think your marital status is important? The...
- Obama: US re-establishing diplomatic... 49
- Vermont governor abandons single-payer... 32
- A post-election flurry: Obama tests his... 16
- Sony cancels 'The Interview' Dec. 25... 15
- Forget Santa Claus, Virginia. Was there... 14
- Taliban assault on Pakistan school... 13
- Utah football's Hackett, Orchard named... 11
- NYC premiere of Rogen film 'The... 8