Italy’s fragile coalition government has been pushed into a full-fledged crisis after ministers from former premier Silvio Berlusconi’s political party announced their resignations.

ITALIAN Prime Minister Silvio Berlusconi has rejected growing speculation that his fragile centre-right coalition will collapse soon, promising new reforms as growing market pressure pushed Italy’s borrowing costs to a new record.

ITALIAN Prime Minister Silvio Berlusconi, facing record bond yields and calls for his resignation, said Italy is “up to the task” of tackling the debt crisis as its economic fundamentals are solid.

Italy’s prime minister Silvio Berlusconi has split with a key political partner but insists his government is not at risk.