Mario Draghi resigns as Italy’s Prime Minister

Prime Minister Mario Draghi offered his resignation to Italy’s President, in a move that will raise the prospect of snap elections as soon as early October.

The former European Central Bank chief announced his decision to President Sergio Mattarella in a meeting Thursday morning, according to a statement by the president’s office.

The government will continue as a caretaker to handle ongoing business.

The collapse of Draghi’s government was inevitable after three of his coalition partners withdrew their support in a confidence vote Wednesday.

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