Prime Minister Silvio Berlusconi, facing record bond yields andcalls for his resignation, will seek to reassure the nation asItaly and Spain struggle to avoid becoming the next victims ofEurope's debt crisis.

Berlusconi will give a national televised address in the Chamberof Deputies in Rome at 5:30 p.m. today to lay out his plan to boostgrowth and tame the euro region's second-biggest debt. He'lladdress the Senate at 7:30 p.m. as he tries to shore up confidencein Italy after bond yields soared to euro-era records and thebenchmark stock index slumped to a 27-month low.

European leaders' agreement last month on a second bailout forGreece and Italy's subsequent austerity plan to balance the budgetfailed to convince investors that Berlusconi's government can avoidseeking outside aid. While Spain also faces surging bond yields,confidence in Italy has been shaken by political turmoil, withBerlusconi's grip on power weakened by corruption allegationsagainst him and some of his main allies.

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