Italian Prime Minister Silvio Berlusconi officially resigned Saturday, according to the presidential palace press office, seemingly bringing an end to a long career played out on center-stage in the country's volatile political arena.
The thrice-elected 75-year-old business magnate has said he does not intend to stand again if new elections are called.
Berlusconi stepped down just hours after the lower house of parliament approved austerity measures aimed at restoring confidence in Italy's economy.
Crowds that had gathered outside the presidential palace erupted in cheers -- waving the Italian flag, dancing and singing the national anthem -- when news of his resignation broke

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[color=#990000][/color]ANOTHER END ANOTHER TARRANTS. NIGERIANS WHEN ARE GOING TO TAKE OUR DESTINY WITH OUR OWN HAND.WAKE UP. BERLUSCONI HAS FOLLOWED QUADAFFI. CHEERS TO ITALIANS AT HOME & OVER THE WORLD AND THEIR FRIENDS INCLUDING MYSELF