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Edition: U.S. Article Comments (0) Save Email Print Reprints Most Popular Most Shared Russia offers olive branch as NATO joins parade 6:00am EDT U.S. says Pakistani Taliban behind bomb attempt 10:24am EDT Tsunami warning lifted after 7.4 quake in Indonesia 3:23am EDT Obama makes rare comment about dollar on Russian TV 08 May 2010 BP seeks solution after U.S. oil spill setback | Video 10:14am EDT Oil at $65 a barrel may sound alarm bells for OPEC 08 May 2010 Ash cloud closes 19 Spanish airports, could spread | Video 08 May 2010 U.S. drone missiles kill nine in Pakistan 5:36am EDT Study finds what makes calorie-burning "brown fat" 06 May 2010 UPDATE 1-US regulators eye curbs to slow stock price drops 08 May 2010 Tsunami warning lifted after 7.4 quake in Indonesia 3:23am EDT The Science of Success 27 Apr 2010 Russia offers olive branch as NATO joins parade 6:00am EDT Pakistanis pose as Indians after NY bomb scare 07 May 2010 U.S. stock markets will shed gains swiftly: Prechter 07 May 2010 Qatar investor buys UK department store Harrods | Video 08 May 2010 Study finds what makes calorie-burning "brown fat" 06 May 2010 Los reguladores de EEUU investigan el desplome de Wall Street 07 May 2010 Iran hangs five members of Kurdish "terrorist" group 4:35am EDT U.S. says Pakistani Taliban behind bomb attempt 10:24am EDT Berlusconi, wife close to divorce settlement: report ROME Sun May 9, 2010 8:00am EDT ROME (Reuters) - Italy's Prime Minister Silvio Berlusconi is close to reaching a separation agreement with his wife Veronica, who asked for a divorce after accusing him of consorting with a 17-year old girl, Italian newspapers said. World | People | Italy The pair and their lawyers spent nearly five hours in a Milan court on Saturday, reports said on Sunday. "We are close to an agreement," ANSA news agency quoted legal sources as saying after the meeting, without elaborating on the details. Newspapers said Veronica Lario, who had initially requested a monthly alimony of 3.5 million euros ($4.70 million) compared to her husband's offer of up to 300,000 euros, appeared ready to lower her demands after Berlusconi agreed to let her keep a luxury villa near Milan. Still to be worked out was an arrangement for the three children of the estranged couple and their possible future role in Berlusconi's business empire. The prime minister's lawyer was not immediately available for comment. Veronica, 53, announced her intention to divorce the billionaire tycoon-turned-politician to newspapers in May last year after it emerged that he had attended the 18th birthday party of an aspiring model in Naples. She said she could no longer remain with a man "frequenting minors." Berlusconi, 73, repeatedly denied being involved with the Naples girl, but was later embroiled in another scandal after an escort said she slept with him and was paid to attend parties at his Rome residence. Berlusconi says he has never paid for sex. Under Italian law, divorce proceedings can only begin three years after a separation agreement is reached. The premier, who is Italy's second richest man, has three children with Veronica, aged 25, 23 and 21. However, it is his two children by his first marriage who play the most prominent roles in his media empire. Son Piersilvio is vice-chairman of broadcaster Mediaset while daughter Marina chairs holding company Fininvest and publishing arm Mondadori. (Reporting by Silvia Aloisi; editing by Myra MacDonald) World People Italy Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. 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