Italian President Rejects PM Resignation

The Italian president has rejected the resignation of Prime Minister Mario Draghi.

Draghi, the former European Central Bank, ECB president, announced he was to resign after the 5-Star Movement, a coalition party, failed to back him in a confidence vote over his plan to combat soaring prices.

Read also: Italy Prime Minister to Tender Resignation

Draghi, went to the Quirinale Palace in Rome to meet President Sergio Mattarella and hand in his resignation but Mattarella, the supreme arbiter in Italian politics, urged him to rethink and address the parliament to get a clearer picture of the political situation.

Draghi, Italy’s sixth prime minister in the past decade, has won plaudits for helping to steer Italy through the coronavirus crisis and his profile has helped give the country more clout on the international stage.

REUTERS/CO