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Now Italy: A mounting political crisis in Southern Europe pales the Debt Crisis in Greece.

Italian former Prime Minister Silvio Berlusconi.

Pressure rose on Italy’s besieged Prime Minister Silvio Berlusconi to quit on Thursday, as rebel deputies from his own center-right party threatened to oppose the government in a vital parliamentary vote next week, according to a REUTER´s report from Cannes.

With financial markets in turmoil and Italian bonds under heavy fire, calls have been mounting from all sides for Berlusconi to step aside and make way for a new government to handle a crisis that now threatens the whole euro zone.

Six former parliamentary loyalists wrote to Berlusconi calling for a new government READ MORE HERE