The economy is what seems to have finally sunk Berlusconi. Italians who could accept allegations of mafia ties, aiding and abetting prostitution, and buying off politicians couldn’t accept the prospect of further inaction on the debt crisis.
Ironically, Berlusconi used the economy as an argument for why he should be kept in office as he prepared to face a no-confidence vote in December 2010, according to a Monitor report.
In a last-minute appeal to wavering MPs, Berlusconi said today that it would be “folly” to precipitate a political crisis at a time when Italy is facing the sort of economic pressures that have created chaos in countries like Greece and Ireland. "I ask you ... to reflect on the political folly that opening a crisis without visible and credible solutions would be today."