Italian Prime Minister Mario Draghi Resigns After Coalition Falls Apart

Italian Prime Minister Mario Draghi, has tendered his resignation letter to President Sergio Mattarella, after his coalition government fell apart, engulfing the country into political turmoil and hitting financial markets.

Mr Mattarella’s office said in a statement that the head of state had “taken note” of the resignation and asked the Italian Prime Minister, Mr Draghi to remain in a caretaker capacity.
The statement did not say what Mr Mattarella would do next.

Political sources said earlier this week that he would likely dissolve parliament and call early elections in October.

Mr Mattarella plans to meet the speakers of both houses of parliament on Thursday afternoon.