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Italian Prime Minister Berlusconi Resigns

May 2, 2006
Italian Premier Silvio Berlusconi officially resigned today after weeks of refusing to concede defeat in April 9-10 elections. Berlusconi, the largest media owner in Italy, has had a stranglehold on the country's media, but even an all-out television blitz could not convince the public to ignore a failing economy, which the new center-left government must now revive.