In Italy, after three weeks of wrangling over a narrow election defeat, Prime Minister Silvio Berlusconi finally says he will resign within a week, clearing the way for Romano Prodi and his L'Unione coalition to form a new government.
Parmalat is likely to declare "controlled administration" as Italian Prime Minister Silvio Berlusconi said the government would intervene and "above all save the industrial part of the company and jobs". [http:--news.bbc.co.uk-1-hi-business-3339459.stm]
Two million to three million trade union members rally in Rome in protest both of labor legislation filed by Prime Minister of Italy Silvio Berlusconi and of the assassination of Marco Biagi, an advisor to the Labor Minister, by the re-formed Red Brigades. Labor leaders threaten a general strike if the legislation is passed.