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Berlusconi Resignation: Crowds Celebrate After Italy's Prime Minister Steps Down (PHOTOS)

The Huffington Post     First Posted: 11/12/11 05:05 PM ET   Updated: 11/21/11 06:58 PM ET

Silvio Berlusconi, Italian Prime Minister, has resigned from his position after 17 years in office.

News of the Berlusconi's resignation was no surprise to crowds gathered in front of Italy's presidential palace in Rome on Saturday, Nov. 12. People cheered, chanted and some even performed Handel's "Alleluia," the Associated Press reports.

Economist Mario Monti is expected to replace the 75-year-old media mogul, whose reign was filled with scandal and financial woes. Italian president Giorgio Napolitano will oversee the transition.

Click through the slideshow below to see how crowds reacted to Berlusconi's resignation.

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People celebrate in front of The Quirinale
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People celebrate in front of The Quirinale, the presidential palace as Italian Prime Minister Silvio Berlusconi formally submits his resignation to Italy's President on November 12, 2011 in Rome. The 75-year-old Berlusconi is quitting after a parliamentary revolt and a wave of market panic put an end to his 17-year domination of Italian political life, raising global fears of a political crisis in Italy. (VINCENZO PINTO/AFP/Getty Images)
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