BREAKING NEWS

Italian government breaks up after Berlusconi pulls out ministers

By REUTERS

SEPTEMBER 28, 2013 23:42

ROME - Italian centre-right leader Silvio Berlusconi pulled his ministers out of the cabinet on Saturday, effectively bringing down the government of Prime Minister Enrico Letta and leaving the euro-zone's third-largest economy in chaos.

Talks will now start to find a parliamentary majority to back a new cabinet and avoid going back to an election just seven months after the last one.

The relentless political jockeying that has defined Letta's five-month tenure has already thwarted efforts to push through important reforms Italy needs to emerge from a two-year recession, a decade-long economic lethargy, a 2-trillion-euro public debt and youth unemployment of around 40 percent.

The resignations will delay those reforms even further.

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