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Italian Prime Minister Mario Draghi Announces Resignation

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Rome: Italian Prime Minister Mario Draghi said on Thursday that he would resign as the country’s premier after a party in his ruling coalition did not participate in a confidence vote.

According to Sputnik News Agency, he said that “I want to announce to you that this evening I will hand over to the President of the Republic a letter of resignation,”.

According to a Washington Post report, On Thursday, senators from one of the biggest parties in Draghi’s coalition — the Five Star Movement– abstained from a confidence motion, a stunt that throws Italy’s government into crisis and could even lead to its collapse.

Draghi further added that, “Today’s vote in parliament is a very significant event from a political point of view,”

Though the government survived — by 172 to 39 — Draghi, according to The New York Times, had made clear that he would not lead a unity government because it has no unity.

According to multiple reports, he is now expected to meet with the country’s president, Sergio Mattarella, to discuss next steps.

Italy is facing a worsening economic situation caused in part by rising energy costs.

The Italian Prime Minister on Tuesday said that he plans to announce a series of measures aimed to reduce the impacts of the worsening economic situation caused in part by rising energy costs.

Draghi downplayed the economic challenges when talking to the Foreign Press Association later on Tuesday, saying the government’s balance sheets were “very strong” and that despite recent difficulties, “Italy remains a strong country”, Xinhua News Agency reported.

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