This is the moment that Bulgaria's government finally succumbed to the mounting pressure against it from mass protests across the nation.<br/> <br />Prime Minister Boiko Borisov addressed parliament on Wednesday and announced the resignation of the government.<br/> <br />The move comes after tens of thousands of Bulgarians rallied in several cities in protests which turned violent.<br/> <br />Many residents are deeply unhappy over high energy costs, power monopolies, low living standards and corruption in the EU's poorest country.<br/> <br />The Prime Minister tried to calm protests by sacking his finance minister, pledging to cut power prices and punishing foreign owned companies - but the measures failed to appease demonstrators.<br/> <br />Borisov can now try to form a new government using his rightist party's strong position in parliament.<br/> <br />If he fails to do so, an election scheduled for July may be brought forward.
