Positioning a div near bottom side of another div

Question

I have outer div and inner div. I need to place inner div at the bottom of the outer one.

Outer div is elastic (width: 70% for example). I also need to center inner bloc

Answer 1

Tested and working on Firefox 3, Chrome 1, and IE 6, 7 and 8:

    Outer
    

        

            Inner
        
    

Live version here: http://jsfiddle.net/RichieHindle/CresX/