{O/C} {Welcome back}
To Italy where prime minister Mario Draghi's resignation has meted out an annihilatory blow to the country already battered by extreme economic uncertainty.
{RVO}
Draghi tendered his resignation to President Sergio Mattarella during a morning meeting as the government came tumbling down.
The president, who repudiated an earlier offer, requested Draghi to remain in a caretaker position with a heavy heart.
The legislature is expected to be dissolved with early elections entailed.
The protracted Ukraine crisis, the pandemic and prolonged drought have made for one witches' brew haunting the country, rendering it in economic tatters.
Everything from food to household items now comes with a hefty price tag.
Any potential instability in the country could send ripples wreaking havoc across Europe.
Draghi is resigning after 17 months on the job.
Comments