Silvio Berlusconi tenders his resignation as Prime Minister of Italy, effective November 16, due in large part to the European sovereign debt crisis.

Silvio Berlusconi was an Italian media tycoon and politician who served as the prime minister of Italy in three governments from 1994 to 1995, 2001 to 2006 and 2008 to 2011. He was a member of the Chamber of Deputies from 1994 to 2013; a member of the Senate of the Republic from 2022 until his death in 2023, and previously from March to November 2013; and a member of the European Parliament (MEP) from 2019 to 2022, and previously from 1999 to 2001. With a net worth of US$6.8 billion in June 2023, Berlusconi was the third-wealthiest person in Italy at the time of his death.

The prime minister of Italy, officially the president of the Council of Ministers, is the head of government of the Italian Republic. The office of president of the Council of Ministers is established by articles 92–96 of the Constitution of Italy; the president of the Council of Ministers is appointed by the president of the Republic and must have the confidence of the Parliament to stay in office.

The euro area crisis, often also referred to as the eurozone crisis, European debt crisis, or European sovereign debt crisis, was a multi-year debt crisis and financial crisis in the European Union (EU) from 2009 until, in Greece, 2018. The eurozone member states of Greece, Portugal, Ireland, and Cyprus were unable to repay or refinance their government debt or to bailout fragile banks under their national supervision and needed assistance from other eurozone countries, the European Central Bank (ECB), and the International Monetary Fund (IMF). The crisis included the Greek government-debt crisis, the 2008–2014 Spanish financial crisis, the 2010–2014 Portuguese financial crisis, the post-2008 Irish banking crisis and the post-2008 Irish economic downturn, as well as the 2012–2013 Cypriot financial crisis. The crisis contributed to changes in leadership in Greece, Ireland, France, Italy, Portugal, Spain, Slovenia, Slovakia, Belgium, and the Netherlands as well as in the United Kingdom. It also led to austerity, increases in unemployment rates to as high as 27% in Greece and Spain, and increases in poverty levels and income inequality in the affected countries.