March 2, 2024

Italian Prime Minister, Mario Draghi has dropped his role as a prime minister therefore handing the role over to President Sergio Mattarella on Thursday.

This follows after his government fell apart, the country into political turmoil and hitting financial markets.“The head of state should take note of the resignation and ask Draghi to remain in a caretaker capacity.” a statement from Mattarella’s office.

Although the statement did not say what Mattarella would do next.Political sources had said earlier this week that he would likely dissolve parliament and call for early elections in October, therefore planned to meet the speakers of both houses of parliament on Thursday afternoon.

The political crisis has up-ended months of stability in Italy, during which the respected former central banker Draghi helped shape Europe’s tough response to Russia’s invasion of Ukraine and boosted the country’s standing in financial markets.The president’s office said on Thursday that Draghi’s government would remain in place for the time being to handle current business, but further steps about Italy’s political future were not outlined.Before meeting Mattarella, Draghi told lawmakers he saw no possibility of continuing to govern after failing to receive broad backing in a Senate confidence vote on Wednesday night ,and on Wednesday, the country’s coalition fell when three of his main partners snubbed a confidence vote he had called , trying to end divisions and renew their fractious alliance.

Marvelous Ogidi

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