UPDATE: Italy’s President Sergio Mattarella refuses to accept Prime Minister Mario Draghi’s resignation, in a political crisis experts warned could send the eurozone’s third largest economy to snap elections
PM Mario Draghi says the conditions necessary to carry on with his coalition government are"no longer there".
Italy's President has rejected Prime Minister Mario Draghi's offer to step down amid a crisis sparked by the refusal of the 5-Star Movement to participate in a government confidence vote."did not accept the resignation, and invited the prime minister to appear before parliament to make a statement," the presidential palace said on Thursday.
"I want to announce that this evening I will hand in my resignation to the president," Draghi told his cabinet later in the day. He said the conditions necessary to carry on with the coalition government — which includes parties from the right, the left, the centre and the populist 5-Star — were "no longer there" and the "pact of trust that the government is based on has gone".
Parliament’s term expires in spring 2023. If President Mattarella can’t come up with a solution so Draghi’s government can continue, he is expected to dissolve the legislature and call an early election, which could come as early as late September.
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