Mediaset announced Berlusconi's death with a smiling photo of the man on its homepage and the headline: “Berlusconi is dead.”
The ongoing political crisis in Italy continues. The Italian Prime Minister Silvio Berlusconi bowed to pressure. Larry Kantor of Barclays Capital feels this is a small positive step as Berlusconi has been in power for a long time and has not been able to deliver on reforms necessary so far.