World Watch: Ciao Silvio

* Italy: The Senate is poised to approve a series of austerity measures that will likely lead to the resignation of Prime Minister Silvio Berlusconi.

* China: The country’s inflation rate decreased for a third consecutive month as the government is supposedly trying to “cool economic growth.”

* Iran: President Mahmoud Ahmadinejad said that Iran would not back down from its nuclear program despite a U.N. report indicating “serious concern” over developing nuclear arms.

* Libya: International Criminal Court Prosecutor Luis Moreno-Ocampo said that he was close to completing an investigation regarding hundreds of rapes allegedly overseen by officials under former leader Muammar Gaddafi.

Video Source – YouTube user euronews

Online Sources- BBC News, Reuters, Voice of America