Italian Prime Minister Mario Draghi resigns

Italian Prime Minister Mario Draghi submitted his resignation to President Sergio Mattarella on Thursday, plunging the European Union’s third-largest economy into fresh political turmoil.

Draghi’s resignation comes after several key parties in his coalition — the powerful 5-Star movement, the largest party in the country’s coalition government, center-right Forza Italia and the far-right League — boycotted a confidence vote in the government Wednesday night.
Mattarella, who accepted the resignation, is scheduled to meet with the speakers of Parliament on Thursday afternoon, the presidential palace said in a statement. The next step is to call for a snap election.
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