FILE – In this Tuesday, Oct. 26, 2004 file photo, Italian Premier Silvio Berlusconi waves from a balcony of Rome’s Campidoglio City Hall overlooking the Roman Forum, where the EU Constitution was signed by the representatives of 25 countries on Oct. 29, 2004. Premier Silvio Berlusconi resigned in Rome, Saturday, Nov. 12, 2011, after the Parliament’s lower chamber passed European-demanded reforms, ending a 17-year political era and setting in motion a transition aimed at bringing Italy back from the brink of economic crisis. The 75-year-old billionaire media mogul, who came to power for the first time in 1994 using a soccer chant “Go Italy” as the name of his political party, became Italy’s longest-serving post-war premier. (AP Photo/Andrew Medichini, File)
ROME (AP) — His legacy tarnished and his hopes of clinging to power dashed, Silvio Berlusconi faces daunting legal and financial challenges and the prospect of life outside the international spotlight now that he has left office.
He has vowed he won’t run again for office, though few expect he’ll abandon Italian politics for good. Berlusconi himself has already said he might help out a campaign here or there because, well, “they’ve always turned out well for me.”
But with Berlusconi’s resignation as premier Saturday following months of market turmoil, a political era in Italy closes and the 75-year-old Berlusconi is just a billionaire businessman once again.
“What we are viewing now is not the end of a government, but the end of a system, of a political system,” said Massimo Franco, a political analyst for Login to read more