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Berlusconi denies speculation about resignation

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Italy's borrowing rates spiked to a euro-era high on Monday, piling the pressure on Premier Silvio Berlusconi to resign and make way for a new government that could more forcefully push through economic reforms.

 

Berlusconi was meeting Monday with his children and close confidantes at his villa near Milan for lunch. The ANSA news agency quoted him as telling aides that such speculation about his departure is "without foundation." (AP)

 

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