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Berlusconi Increasingly Pressured to Resign

Italian Prime Minister Silvio Berlusconi (file)

Italy's Prime Minister Silvio Berlusconi is under increasing pressure to resign, as allies leave his majority coalition ahead of Tuesday's key parliamentary vote.

With Berlusconi's majority in question, officials wonder if he can pass financial legislation key to securing European monetary assistance.

Rumors that Berlusconi would resign sent Italian markets upwards Monday. The prime minister quickly denied the rumors.

Some information for this report was provided by AP and Reuters.