(Image source : The Guardian)

BY CAMILLE MAESTRACCI

ANCHOR ZACH TOOMBS

Heads of State are scrambling at the G20 summit to solve the Eurozone crisis. But at least one leader didn’t do his homework. 

Italian Prime Minister Silvio Berlusconi arrived in Cannes with nothing concrete to show his European partners.  Euronews Reports.

“Berlusconi was seeking a cabinet decree to fast-track reforms. All he got were amendments to the existing budget bill. Outside, demonstrators called for the prime minister to resign. Even within his own party, disappointment is becoming increasingly clear.” 

A few days after Ferrari chairman Luca di Montezemolo called on Berlusconi to quit, new voices in the majority are speaking out against the Italian chief of government. BBC reports six Members of Parliament, and who are close friends of Berlusconi, have published an open letter asking him to...

“Be the backer of a new political phase and a new government which would have the task, from now until the end of the legislative term, of implementing the agenda agreed with our European partners and with it, the indications which came from the European Central Bank”

The lack of a concrete plan from Berlusconi is adding to volatility of the Eurozone crisis. Al Jazeera says country’s like China, are planning to back out of the contributing in EU debt relief.

“As they get down to details China says that it would not contribute more to the European bailout fund until there was clarity on the situation in Greece. As the crisis drags on, that is worrying for countries like Italy with debt levels even higher than those in Spain.”

A diplomat interviewed by French newspaper La Tribune says that while leaders are discussing the impact of the Greek crisis, there are also talks about setting up a firewall around Italy.

With Italy being next in the crosshair after Greece, French newspaper La Croix asks a writer from the Italian economic newspaper Il Sole 24 ore what is the best solution?

“Right now number one problem is called Silvio Berlusconi. As long as he will be head of state, our country won’t be able to gain Bruxelles’s trust, neither Francfort’s.”

And while Italy’s fate is still on hold, Berlusconi decided to postpone the release of his lastest love song album. Maybe the plus side of bad economy writes the Time...