Italy's parliament approves reforms; Silvio Berlusconi resigns

Italian Prime Minister Silvio Berlusconi has officially resigned after lawmakers passed a package of economic reforms that were a condition for his departure, The Wall Street Journal reported. 
 
Lawmakers approved a package of economic reforms that Berlusconi, who has been in power for 10 of the past 17 years, had set as a condition for quitting.

He announced his exit at a cabinet meeting and then formally submitted his resignation to Italian President Giorgio Napolitano.   More Read