Nightly News | November 08, 2011
BRIAN WILLIAMS, anchor: Big news from Europe tonight and it will be felt here. Silvio Berlusconi , longtime prime minister of Italy , says he will step down shortly as Italy follows Greece in reacting to massive financial pressures. Our chief foreign correspondent Richard Engel began his reporting from there for last night's broadcast of "Rock Center," and he watched it all unfold there today. Richard , good evening.
RICHARD ENGEL reporting: Good evening, Brian . It is with a degree of irony Italians say that Silvio Berlusconi is being brought down not by his numerous and well-known sexual scandals. This is a man who while in office was accused of having sex with an underaged prostitute and who by his own count has been in court more than 2,500 times. But in the end, it is the economy that is bringing down Mr. Berlusconi . Berlusconi , after all, is a billionaire, and Italians thought he would be good at managing the economy. Instead, Italy is drowning in debt. Berlusconi said today, after his coalition collapsed, that he would resign as soon as the government here passes a series of economic reforms. That could take place as early as next week. That is, Brian , if Mr. Berlusconi is keeping his word.
WILLIAMS: All right. Richard Engel in Rome for us tonight. Richard , thanks.