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Events on Saturday 12 November 2011 1
2011Berlusconi resigns as Italian prime ministerEurozone debt crisis forces political change in ItalySilvio Berlusconi resigned as prime minister of Italy amid a market panic over the country's sovereign debt and a loss of parliamentary majority. He was replaced by economist Mario Monti, who formed a technocratic government to push through austerity measures. The resignation came after nearly two decades of on-and-off dominance of Italian politics.