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Berlusconi resigns as PM

Rome, May 2 (Reuters): Italy’s Prime Minister Silvio Berlusconi handed in his resignation today, ending weeks of political uncertainty and opening the way for Centre-Left leader Romano Prodi to form a new government.

Berlusconi had contested Prodi’s razor-thin victory in a national election last month but was forced to concede after lawmakers elected Centre-Left speakers for parliament at the weekend, showing Prodi can control the Assembly with his slim majority.

The resignation marked the end of a turbulent five-year spell as Prime Minister for the billionaire media magnate who won power promising an economic miracle but instead presided over a long period of stagnation.

It also signalled the start of a swing to the Left for the euro zone's third largest economy.

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