Milan court convicts Berlusconi of tax evasion, gives 4-year sentence.

The verdict comes two days after Berlusconi, 76, announced he will not run for premier in upcoming elections.

The three-time premier stepped down last November after Italy came under mounting market pressure to deal with its high debt load and Berlusconi failed to come up with persuasive financial reforms.

Berlusconi also is on trial in Milan on charges of paying for sex with an under-age teenager and trying to cover it up.

Tags: