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11/7/11

Italy: Berlusconi in Last-Ditch Effort To Save Conservative Coalition - by Stacy Meichtry and Giada Zampano

Prime Minister Silvio Berlusconi was in 11th-hour talks aimed at saving his conservative government ahead of a key parliamentary vote on Tuesday, as investors renewed pressure on the premier to step down and allow a new government to steer the country out of Europe's debt crisis.

"We will persevere," the premier said in a telephone call broadcast to a political rally, after being locked all day in his villa near Milan with key advisers and his two eldest children. The prime minister denied reports Monday that he was planning to resign and said he was convinced his government would survive
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The premier was due to meet with at least one lawmaker in his party who has threatened to defect, according to lawmakers.

For more: Berlusconi in Last-Ditch Effort To Save Coalition - WSJ.com

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