Italy Faces More Turbulence Despite Planned Berlusconi Exit

Italy faced yet another day of volatility Wednesday despite the much-anticipated planned departure of Prime Minister Silvio Berlusconi, after yields on its debt were predicted to rise dramatically.

CNBC

The longest-serving Italian Prime Minister since the Second World War has survived multiple confidence votes and scandal about his personal life, but the economic crisis threatening Italy appears to have finally claimed his scalp.

On Tuesday, he promised to leave office as soon as the austerity measures agreed with the European Union were passed by Italy's government.    Full Read