Silvio Berlusconi Not Resigning

Italian prime minister takes to Facebook to quell resignation rumors.
0:45 | 11/07/11

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Transcript for Silvio Berlusconi Not Resigning
Italy's premier took to FaceBook today to say he's not resigning Silvio Berlusconi opposed it quote. Reports of my resignation are without foundation. Alice -- has been under increasing pressure to step down -- his country's growing debt crisis and things intensify today when borrowing rates spiked. Bloomberg TV's Cali Carlin has been watching the situation. The ten year note is what we're specifically -- today that's around 7% and there's concerns -- and we can't afford that. In perspective it really has 2.2 trillion dollars with the debt that is more than Spain Portugal and Ireland combined. Critics of Berlusconi say it would be easier to pass economic reforms under a new Italian government's.

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