Resignation Day

Egyptian military gives government 48 hour ultimatum

The Egyptian armed forces have given the government two days to reach an agreement with protesters, who want President Mohammed Morsi to resign. The news came shortly after several cabinet members stepped down.

Vatican bank directors step down

The director and the deputy director of the Vatican Bank have resigned. This comes three days after a Vatican official was arrested in a financial scandal as the pope seeks to clean up the bank.

Portugal finance chief resigns

Vitor Gaspar has resigned his post as Portugal's widely reviled finance minister. Critics have singled him out as one of the key driving forces behind the country's harsh austerity policies.