Berlusconi to Address Italy on Crisis

European debt worries now center on Italy and Spain.

Prime Minister Silvio Berlusconi, facing record bond yields and calls for his resignation, will seek to reassure the nation as Italy and Spain struggle to avoid becoming the next victims of Europe’s debt crisis.

Berlusconi will give a national televised address in the Chamber of Deputies in Rome at 5:30 p.m. today to lay out his plan to boost growth and tame the euro region’s second-biggest debt. He’ll address the Senate at 7:30 p.m. as he tries to shore up confidence in Italy after bond yields soared to euro-era records and the benchmark stock index slumped to a 27-month low.

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